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Niu (NIU) Revenue & Revenue Breakdown

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Niu Revenue Highlights

Latest Revenue (Y)

$2.65B

Latest Revenue (Q)

$504.73M

Main Segment (Y)

Electric scooter sales

Main Geography (Y)

PRC

Niu Revenue by Period

Niu Revenue by Year

DateRevenueChange
2023-12-31$2.65B-16.31%
2022-12-31$3.17B-14.47%
2021-12-31$3.70B51.56%
2020-12-31$2.44B17.73%
2019-12-31$2.08B40.50%
2018-12-31$1.48B92.08%
2017-12-31$769.37M116.84%
2016-12-31$354.81M-

Niu generated $2.65B in revenue during NA 2023, up -16.31% compared to the previous quarter, and up 179.44% compared to the same period a year ago.

Niu Revenue by Quarter

DateRevenueChange
2024-03-31$504.73M5.44%
2023-12-31$478.69M-48.36%
2023-09-30$927.02M11.85%
2023-06-30$828.81M98.64%
2023-03-31$417.24M-31.85%
2022-12-31$612.27M-46.91%
2022-09-30$1.15B39.34%
2022-06-30$827.62M43.81%
2022-03-31$575.48M-41.64%
2021-12-31$986.06M-19.60%
2021-09-30$1.23B29.81%
2021-06-30$944.75M72.61%
2021-03-31$547.34M-18.55%
2020-12-31$671.99M-24.87%
2020-09-30$894.46M38.69%
2020-06-30$644.93M176.87%
2020-03-31$232.94M-56.55%
2019-12-31$536.11M-18.08%
2019-09-30$654.46M23.36%
2019-06-30$530.51M49.35%
2019-03-31$355.22M-16.91%
2018-12-31$427.51M-13.32%
2018-09-30$493.20M28.35%
2018-06-30$384.26M122.34%
2018-03-31$172.82M-21.17%
2017-12-31$219.25M-17.28%
2017-09-30$265.05M-

Niu generated $504.73M in revenue during Q1 2024, up 5.44% compared to the previous quarter, and up 82.44% compared to the same period a year ago.

Niu Revenue Breakdown

Niu Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 21Dec 20Dec 19Dec 18
Accessory and spare parts sales$242.30M$397.09M---
Electric scooter sales$2.85B$3.25B---
Service revenues$72.41M$54.46M---
Electric Scooter Sales--$2.14B$1.79B$1.37B
Service--$42.11M$35.22M$15.89M
Accessory And Spare Parts Sales--$258.93M$253.80M$91.37M

Niu's latest annual revenue breakdown by segment (product or service), as of Dec 22: Electric scooter sales (90.07%), Accessory and spare parts sales (7.65%), and Service revenues (2.29%).

Niu Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22Dec 21Dec 20Dec 19Dec 18
PRC$2.58B$3.16B---
Others$241.60M$115.37M---
Europe$343.16M$430.20M$305.24M$274.45M$148.96M
C--$2.04B$1.64B$1.32B
Other Countries--$99.87M$158.62M$10.16M

Niu's latest annual revenue breakdown by geography, as of Dec 22: PRC (81.55%), Europe (10.83%), and Others (7.62%).

Niu Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
LILi Auto$123.85B$25.63B
TSLATesla$96.77B$20.02B
NIONIO$55.62B$9.91B
XPEVXPeng$30.68B$6.55B
RIVNRivian Automotive$4.43B$874.00M
NIUNiu$2.65B$504.73M
LCIDLucid Group$595.27M-
GOEVCanoo$886.00K$605.00K
FFIEFaraday Future Intelligent Electric$784.00K$9.00K
MULNMullen Automotive$366.00K$65.23K

NIU Revenue FAQ

What is Niu’s yearly revenue?

Niu's yearly revenue for 2023 was $2.65B, representing a decrease of -16.31% compared to 2022. The company's yearly revenue for 2022 was $3.17B, representing a decrease of -14.47% compared to 2021. NIU's yearly revenue for 2021 was $3.7B, representing an increase of 51.56% compared to 2020.

What is Niu’s quarterly revenue?

Niu's quarterly revenue for Q1 2024 was $504.73M, a 5.44% increase from the previous quarter (Q4 2023), and a 20.97% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $478.69M, a -48.36% decrease from the previous quarter (Q3 2023), and a -21.82% decrease year-over-year (Q4 2022). NIU's quarterly revenue for Q3 2023 was $927.02M, a 11.85% increase from the previous quarter (Q2 2023), and a -19.61% decrease year-over-year (Q3 2022).

What is Niu’s revenue growth rate?

Niu's revenue growth rate for the last 3 years (2021-2023) was -28.42%, and for the last 5 years (2019-2023) was 27.72%.

What are Niu’s revenue streams?

Niu's revenue streams in c 22 are Accessory and spare parts sales, Electric scooter sales, and Service revenues. Accessory and spare parts sales generated $242.3M in revenue, accounting 7.65% of the company's total revenue, down -38.98% year-over-year. Electric scooter sales generated $2.85B in revenue, accounting 90.07% of the company's total revenue, down -12.27% year-over-year. Service revenues generated $72.41M in revenue, accounting 2.29% of the company's total revenue, up 32.95% year-over-year.

What is Niu’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of Niu was Electric scooter sales. This segment made a revenue of $2.85B, representing 90.07% of the company's total revenue.