NIU Q4 Sales Volume in China Sinks Over Economic Concerns

Niu Technologies (NIU) announced its fourth-quarter and full-year 2023 sales volume results. The China-based electric scooter company sold 137,476 units of e-motorcycles, e-mopeds, e-bicycles, kick-scooters and e-bikes in the quarter, down from 138,279 units sold in the corresponding quarter of 2022.In the fourth quarter of 2023, the electric scooter company sold 110,454 units in the domestic market, down from 118,065 units in the fourth quarter of 2022.The current economic environment in China, along with ...