In Q2, Niu Technologies Sold 207,552 E-scooters In China (Up 16.2% YoY) And 48,610 E-scooters In International Markets (Up 45.4% YoY)
Portfolio Pulse from Benzinga Newsdesk
Niu Technologies reported a 20.8% YoY increase in e-scooter sales for Q2 2024, with 207,552 units sold in China (up 16.2% YoY) and 48,610 units sold internationally (up 45.4% YoY). The company has 3,124 franchised stores in China and 54 distributors covering 52 countries internationally.
August 12, 2024 | 7:15 am
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Niu Technologies reported a significant increase in e-scooter sales for Q2 2024, with a 20.8% YoY growth. This includes a 16.2% increase in China and a 45.4% increase in international markets.
The significant YoY growth in e-scooter sales, particularly the strong performance in both domestic and international markets, is likely to positively impact Niu Technologies' stock price in the short term. Investors may view this as a sign of robust demand and market expansion.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100