Niu Technologies's (NIU.US) stock price soared nearly 18% for two consecutive days.
1min read Following a 29% surge on Monday, niu technologies (NIU.US) jumped nearly 18% to $4.14 on Tuesday, with its latest market value reaching $320 million. niu technology announced its 2024 fourth-quarter results. According to the report, niu Technology's Q4 revenue was RMB819.2 million, up 71.1% YoY. The company sold 226,634 electric scooters in Q4 2024, up 64.9% YoY. Of which, the sales of electric scooters in China were 182,333 units, up 65.1% YoY; the sales of electric scooters in overseas markets were 44,301 units, up 63.9% YoY.
Looking ahead, Niu Technology expects its revenue in the first quarter of 2025 to be between RMB631 million and RMB707 million, up 25% to 40% YoY. The company also expects its electric scooter sales in 2025 to be between 1.3 million and 1.6 million units, up 40% to 70% YoY.
