Niu Technologies Reported Q1 2022 Sales of 163,659 Units vs 149,649 YoY
Niu Technologies ("NIU" or "the Company") (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today provides its sales volume results for the first quarter 2022.
1Q 2022 1Q 2021 YoY%
China Market 148,987 144,654 3.0 %
International Markets 14,672 4,995 193.7 %
Total 163,659 149,649 9.4 %
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Rising Costs, Growing Competition Skewer Shrinking Niu Technologies
Key Takeaways:
Electric scooter maker Niu Technologies’ profit fell 18% in the fourth quarter, squeezed by rising material costs and growing competition
Company forecast revenue growth would slow to 20% to 30% in the first quarter from 47% in the fourth quarter
By Doug Young
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