Niu Technologies' Q3 Sales Surge 49% To 465,873 Units, Fueled By Over 70% Growth In China, Tops 1M Electric Vehicle Sales In 2025

Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today provided its sales volume results for the third quarter of 2025.

In the third quarter of 2025, NIU sold 465,873 units, including e-motorcycles, e-mopeds, e-bicycles, kick-scooters and e-bikes. Sales in the China and international markets were 451,455 and 14,418 units, respectively.

In China, sales volume recorded year-over-year growth exceeding 50% for the third consecutive quarter. In Q3, sales volume surged over 70%, marking the highest growth rate recorded this year. This momentum was driven by the ongoing optimization of our product portfolio, steady expansion of our domestic retail network, and strategic buildup of channel inventory in anticipation of the new electric bicycle standards in China, which began taking effect in September. In July, we launched two flagship models, the FXT Ultra 2025 and NXT Ultra 2025. These new models feature our significant advancements in battery range, performance architecture, and safety standards, further enhancing our smart capabilities and appealing to a wide range of consumer design preferences.

In the international markets, electric motorcycle sales volume for the first three quarters of the year surpassed the total full-year 2024 unit sales, continuing its robust growth. In the micromobility segment, we proactively adjusted our sales strategies to navigate a complex and uncertain market environment.

Our sales volume count disclosed above is based on the delivery from our manufacturing facility, which may vary slightly from the sales volume measured from a financial accounting and reporting point of view. NIU's sales volume represents only one measure of the company's financial performance and should not be relied upon as an indicator of quarterly financial results, which depend on a variety of factors, including revenues from accessories, spare parts and services, cost of sales, operating expenses, etc.