Niu Technology Sales in the third quarter increased 58.3% year-over-year confirming the huge company ability to exceed the expectations, with the all time record sales scored last year outpaced during August. The 2021 will end with over 1 million sales.
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 will hit the 1 million sales milestone during the 2021.
After the third quarter sales figures disclosure the achievement of this remarkable target can be confirmed by our analysts with a projection slightly above our original forecast for the year.
Niu Technology is taking full advantage by the e-scooter boom in place in homeland China although the international operations – representing a huge opportunity for future growth – are penalized by ocean freight shipping cost 400% increase.
Sales in the third quarter increased 58.3% year-over-year confirming the huge company ability to exceed the expectations, with the all time record sales scored last year outpaced during August.
In China, Niu has already escalated the top selling manufacturers ranking and is now on the Top 5 among both ICE and EVs manufacturers.
However, NIU Targets are still very ambitious and the company is expanding the production facility in order to increase capacity at 2 million units, a target achievable already in the next year.