Niu Technologies (NIU.US) sold approximately 227,000 units globally in Q4, marking a significant 65% year-over-year increase.
1min read Niu Technologies (NIU.US) announced its sales performance in the fourth quarter of 2024. The Company said that its total sales in the fourth quarter were 226,634 units, covering a variety of products including electric motorcycles, electric scooters, electric bicycles, skateboards, and e-bikes.
The Company's sales in China and international markets were 182,333 units and 44,301 units, respectively, both achieving a year-on-year growth of 65% in the fourth quarter.
On the international market, the sales of microcars in the fourth quarter grew more than 65% year-on-year, and the annual growth was 57%.
In China, due to the launch of new models in 2024 and the completion of backlog orders after the new safety standards in the third quarter, the Company's fourth-quarter sales grew 65% year-on-year. The new models, including N-Play, NX, NT, FX, UMAX, U1e, MT, and OT models, accounted for over 70% of the fourth-quarter sales.
For the whole year of 2024, the Company's total sales were 924,340 units. The sales in China and international markets were 759,094 units and 165,246 units, respectively.