Niu (NIU) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $2.65B | -16.31% |
| 2022-12-31 | $3.17B | -14.47% |
| 2021-12-31 | $3.70B | 51.56% |
| 2020-12-31 | $2.44B | 17.73% |
| 2019-12-31 | $2.08B | 40.50% |
| 2018-12-31 | $1.48B | 92.08% |
| 2017-12-31 | $769.37M | 116.84% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $504.73M | 5.44% |
| 2023-12-31 | $478.69M | -48.36% |
| 2023-09-30 | $927.02M | 11.85% |
| 2023-06-30 | $828.81M | 98.64% |
| 2023-03-31 | $417.24M | -31.85% |
| 2022-12-31 | $612.27M | -46.91% |
| 2022-09-30 | $1.15B | 39.34% |
| 2022-06-30 | $827.62M | 43.81% |
| 2022-03-31 | $575.48M | -41.64% |
| 2021-12-31 | $986.06M | -19.60% |
| 2021-09-30 | $1.23B | 29.81% |
| 2021-06-30 | $944.75M | 72.61% |
| 2021-03-31 | $547.34M | -18.55% |
| 2020-12-31 | $671.99M | -24.87% |
| 2020-09-30 | $894.46M | 38.69% |
| 2020-06-30 | $644.93M | 176.87% |
| 2020-03-31 | $232.94M | -56.55% |
| 2019-12-31 | $536.11M | -18.08% |
| 2019-09-30 | $654.46M | 23.36% |
| 2019-06-30 | $530.51M | 49.35% |
| 2019-03-31 | $355.22M | -16.91% |
| 2018-12-31 | $427.51M | -13.32% |
| 2018-09-30 | $493.20M | 28.35% |
| 2018-06-30 | $384.26M | 122.34% |
| 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/Service | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 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
| Country | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| LI | Li Auto | $123.85B | $25.63B |
| TSLA | Tesla | $96.77B | $25.50B |
| NIO | NIO | $55.62B | $9.91B |
| XPEV | XPeng | $30.68B | $6.55B |
| RIVN | Rivian Automotive | $4.43B | $1.20B |
| NIU | Niu | $2.65B | $504.73M |
| LCID | Lucid Group | $595.27M | - |
| FSR | Fisker | $272.89M | $200.06M |
| RIDE | Lordstown Motors | $2.34M | - |
| GOEV | Canoo | $886.00K | $605.00K |
| FFIE | Faraday Future Intelligent Electric | $784.00K | $293.00K |
| MULN | Mullen Automotive | $366.00K | $65.23K |
| ARVL | Arrival | - | - |
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.