BRIEF: Niu’s second-quarter sales rise 36.6%

NIU.US
solar and wind are new energy

Electric scooter manufacturer Niu Technologies  (NIU.US) announced last Friday that it sold 350,090 e-motorcycles, e-mopeds, kick-scooters and e-bikes in the second quarter, up 36.6% from 256,200 units in the same period last year.

Sales in China reached 318,719 units, accounting for about 91% of the total and up 53% from 207,552 units a year earlier. But international sales fell by about 35% to 31,371 units.

The company said that several of its premium models ranked among the best-sellers on major platforms including Tmall, JD.com and Douyin during the “618 Mid-Year Shopping Festival” in June reinforcing its leadership in China’s high-end smart two-wheeler segment.

Niu’s stock rose more than 5% during the Monday trading day in New York before paring those gains to close up 1.79% at $3.42.

By Lee Shih Ta

To subscribe to Bamboo Works weekly free newsletter, click here

,
, ,

Related Articles

RELATED ARTICLES

  1. Niu makes electric scooters
    Niu Technologies gets charge from China’s consumer trade-in program
    NIU.US
  2. BRIEF: 361 Degrees core brand sales rise 10% to 15% in first quarter
    1361.HK
  3. BRIEF: Greentown sales rise in May
    3900.HK
  4. BRIEF: EHang revenue plunges in first quarter, explores second listing
    EH.US
  5. BRIEF: Greentown’s sales drop 8% in first quarter
    3900.HK
  6. BRIEF: Luk Fook’s revenue, same-store sales fall in March quarter
    0590.HK
Discover hidden China stock gems in our weekly newsletter

Follow us

Facebook Twitter Linkedin Weixin Weibo Youtube

Subscribe to Our Free eNewsletter

Subscribe

Check out our content with some of our syndication partners

factiva

Recent Articles

Pony AI and WeRide do robotaxis

Pony AI pulls ahead of WeRide in China robotaxi race

Both companies notched an important new advance last week when Shanghai unveiled a major expansion to its robotaxi program Key Takeaways: Pony AI, WeRide and Baidu were among eight groups…
PONY.US WRD.US