Niu Technologies, a Chinese company established in 2014 and headquartered in Beijing, specializes in the design, production, and sale of intelligent electric vehicles, primarily focusing on the People's Republic of China market. Its diverse product portfolio covers a broad spectrum of electric mobility, including popular series like the NQi, MQi, UQi, and Gova electric scooters and motorcycles. The company also manufactures KQi electric kick-scooters, NIU Aero and BQi e-bikes, high-performance RQi and TQi electric motorcycles, and YQi hybrid motorcycles. Beyond vehicles, Niu also offers a comprehensive range of NIU-branded accessories and spare parts. These fall into three main categories: practical scooter accessories (e.g., rain gear, gloves, storage solutions, phone holders), lifestyle merchandise (e.g., apparel, bags, stationery, keychains), and performance-enhancing components (e.g., upgraded wheels, suspension, brakes, carbon fiber panels). The company also leverages its dedicated NIU mobile application to provide a suite of digital services. Users can access online repair requests, DIY repair guides, a service station locator, theft reporting, and various smart features. The app also facilitates services such as NIU Cover (insurance), NIU Care (maintenance and reservations at offline service centers), and NIU Wash (monthly complimentary wash coupons). Niu Technologies distributes and services its products through a multi-channel approach, including its network of city partners and franchised stores, independent distributors, third-party e-commerce platforms, and its own official online store. As of December 31, 2021, Niu's operational footprint was substantial: within China, it boasted 338 city partners and 3,108 franchised stores spanning approximately 239 cities. Internationally, its reach extended to 50 countries, supported by 42 distributors.
Niu Technologies Announces Unaudited Second Quarter 2026 Financial Results
Niu Technologies reported Q2 2026 revenue of RMB 1.44 billion, up 14.7% year-over-year, driven by a 24.2% increase in e-scooter sales volume reaching 434,687 units.
Despite the top-line growth, the company swung to a net loss of RMB 102.2 million compared to net income of RMB 5.9 million in the prior year, impacted by a decline in gross margin to 16.0% and a 28.6% rise in operating expenses.
Management expects Q3 2026 revenue to grow between 10% and 20% year-over-year to a range of RMB 1.86 billion to RMB 2.03 billion.