Niu Technologies' Q4 Sales Down 21% YoY, Full-Year Sales Up 30%

Niu Technologies reported a decline in sales volumes for Q4 and FY2025. The company sold 178,702 units in Q4, down from 226,634 units a year earlier. Total unit sales for FY2025 increased to 1,197,978 units, up from 924,340 units in 2024. Despite the decline, the company's FX "Windstorm" e-motorcycle became the quarter's best-selling model, and newly introduced e-bicycles saw a strong reception. Niu expects further growth in 2026 driven by product upgrades and targeted regional expansion.