Electric Scooter Sales was Niu Technologies’s largest product and service line in fiscal 2024, bringing in $2.96B of $3.20B (92%).
| Product and Service | FY 2018 | FY 2020 | FY 2021 | FY 2024 |
|---|---|---|---|---|
| Electric Scooter Sales | $3.25B | $2.96B | ||
| Electronic Scooter Sales | — | — | ||
| Accessory & Spare Parts Sales | $397.09M | $241.68M | ||
| Revenues From Sales Of Services | $54.46M | — | ||
| Service Revenues | — | — | ||
| Total | $3.70B | $3.20B |
Niu Technologies brought in $3.20B from its two product and service lines in fiscal 2024, the year ended December 31, 2024. Niu Technologies regrouped these lines after fiscal 2021, so the total does not compare directly with that year's $3.70B. Electric Scooter Sales was the largest at $2.96B (92.5%), ahead of Accessory & Spare Parts Sales at $241.68M (7.5%).
Compared with fiscal 2021, the previous year with figures, Electric Scooter Sales fell 9.0% to $2.96B and Accessory & Spare Parts Sales fell 39.1% to $241.68M.
Niu Technologies stopped reporting Revenues From Sales Of Services as a separate line after fiscal 2021, when it brought in $54.46M.
Mainland China was Niu Technologies’s largest region in fiscal 2024, bringing in $2.85B of $3.12B (91%).
| Geography | FY 2018 | FY 2020 | FY 2021 | FY 2024 |
|---|---|---|---|---|
| Mainland China | — | $2.85B | ||
| Prc | $3.16B | — | ||
| Europe | $430.20M | — | ||
| Others | $115.37M | $270.93M | ||
| Total | $3.70B | $3.12B |
Niu Technologies brought in $3.12B from its two regions in fiscal 2024, the year ended December 31, 2024. Niu Technologies regrouped these regions after fiscal 2021, so the total does not compare directly with that year's $3.70B. Mainland China was the largest at $2.85B (91.3%), ahead of Others at $270.93M (8.7%).
Niu Technologies began breaking out Mainland China in fiscal 2024, when it brought in $2.85B. Niu Technologies stopped reporting Prc ($3.16B in fiscal 2021) and Europe ($430.20M in fiscal 2021) as separate regions.
Niu Technologies (NIU) reports its revenue by product and service and by geography. In fiscal 2024, Electric Scooter Sales was its largest product and service line, bringing in $2.96B (92.5% of the total), followed by Accessory & Spare Parts Sales at $241.68M (7.5%).
Electric Scooter Sales was Niu Technologies' largest product and service line in fiscal 2024, bringing in $2.96B, or 92.5% of the $3.20B total across its two product and service lines.
Mainland China was Niu Technologies' largest region in fiscal 2024, bringing in $2.85B, or 91.3% of the $3.12B total across its two regions.
Every figure comes from Niu Technologies' annual financial filings, as reported. Each line keeps the name Niu Technologies gives it, and years follow its fiscal calendar.
Niu Technologies' revenue by product and service goes back to fiscal 2018, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.