Niu Technologies Provides Q3 2024 Sales Volume Update; Sold 312,405 Units, Including E-Motorcycles, E-Mopeds, E-Bicycles, Kick-Scooters And E-Bikes. The Number Of Units Sold In China And In International Markets Was 259,094 And 53,311, Respectively.
Portfolio Pulse from Benzinga Newsdesk
Niu Technologies (NASDAQ:NIU) reported Q3 2024 sales of 312,405 units, with significant growth in both China and international markets. New models contributed to over 60% of sales in China, while international sales were driven by the K100 and K300 models.
October 04, 2024 | 8:14 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Niu Technologies reported strong Q3 2024 sales, with 312,405 units sold, marking growth in both China and international markets. New models significantly contributed to sales, indicating positive market reception and potential revenue growth.
The reported sales figures indicate strong demand for Niu's products, particularly new models, which contributed to over 60% of sales in China and over 50% internationally. This suggests positive market reception and potential for revenue growth, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100