Niu Technology Global Sales in the first half 2021 have been 412.809, up 102.1% vs the 2020 and 164.3% vs the 2019. Furthermore, the current limit is represented by the capacity, as the plant is operating at 100%. But working are in place to tripe capacity.
McD tracks new vehicles registrations across the World (over 80 countries), reporting data on calendar year. When you wish to compare data reported by us to those declared by the manufacturers, consider they usually report their “sales” (vehicles invoiced), which are usually different from “registrations”, accordingly with their fiscal year split.
NIU Global Global Trend 2021
Niu Tech sales dynamics have been impressive in the 2020 although the activities have been heavily penalized n the first quarter for the February shut down in China, which forced the production to be halted for near 30 days, with delay on national and international shipments.
During the year the young manufacturer scored an impressive recovery in the domestic market ending the year with a record sales of 570.000 deliveries, first time over the half million sales.
In Q4 they started to expand the production facilities aiming to increase capacity at 2 million annual output, a target achievable in the 2022.
The start of the 2021 was positive but not surprisingly. In the first quarter sales up 374% vs the difficult correspondent period in the previous year. In the second quarter global sales have been well over our expectations with an outstanding +58%. The data was really positive considering that in Q2 2020 the manufacturers partially recovered the sales lost in the previous quarter.
Consequently, the first half 2021 sales have been 412.809, up 102.1% vs the 2020 and 164.3% vs the 2019. Furthermore, the current limit is represented by the capacity, as the plant is operating at 100%, but the company was forced to delay the overseas shipments, with sales declined at 6.980 in Q2 vs the 11.975 in Q1.
The 1 million units target is achievable by the end of this year, depending on the status of activities to expand daily production capacity.
In China, Niu has already escalated the top selling manufacturers ranking and is now on the Top 5.