Niu Technologies announced its sales performance for the fourth quarter of 2024.
According to Zhiyitong Finance APP, Niu Technologies (NIU.US) announced its sales performance for the fourth quarter of 2024. The company stated that total sales for the fourth quarter were 226,634 units, covering a variety of products, including electric motorcycles, electric scooters, electric bicycles, scooters, and electric bicycles.
In the fourth quarter, sales in China and international markets were 182,333 units and 44,301 units respectively, achieving a year-on-year growth of 65%.
In the international market, the sales of microcars in the fourth quarter grew by more than 65% year-on-year, and 57% for the entire year.
In China, due to the launch of new models in 2024 and the fulfillment of backlog orders from the third quarter under the new safety standards, the company's sales in the fourth quarter increased by 65% year-on-year. New models, including N-Play, NX, NT, FX, UMAX, U1e, MT, and OT, accounted for more than 70% of fourth-quarter sales.
For the entire year of 2024, the company's total sales were 924,340 units. Sales in China and international markets were 759,094 units and 165,246 units respectively.