Niu TechnologiesNIU
What Niu Technologies does.
We currently design, manufacture and sell high-performance electric motorcycles, mopeds, bicycles, as well as kick-scooters and e-bikes. We have a diversified product portfolio that caters to the various demands of our users and addresses different urban travel scenarios. Currently, we offer two model lineups, comprising a number of different vehicle types. These include (i) the electric motorcycle, moped and bicycle series, including the NQi, MQi, UQi, FQi series and others, and (ii) the micro-mobility series, including the kick-scooter series KQi and the e-bike series BQi. We have adopted an omnichannel retail model, integrating the offline and online channels, to sell our products and provide services to users. We sold 1,192,039 units e-scooters in 2025. The number of units sold in China market and international markets were 1,112,021 and 80,018, respectively. We sell and service our products through (i) our “city partner” system in China, which consisted of 623 city partners with 4,540 franchised stores in 320 cities in China as of December 31, 2025, (ii) our business partners in more than 40 countries overseas, including distributors, dealers and retailers, and (iii) our own online store and third-party e-commerce platforms.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $2.4B | $3.7B | $3.2B | $2.7B | $3.3B | $4.3B |
| Net income | $168.7M | $225.8M | -$49.5M | -$271.8M | -$193.2M | -$39.4M |
| Free cash flow | — | $48.4M | -$257.2M | $14.8M | -$67.5M | $175.5M |
More on NIU.
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Figures from Niu Technologies's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.