NIUNasdaqMotor Vehicles & Passenger Car BodiesFiscal year ends December 31
Niu Technologies
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 17, 2026
$1.86−0.05 (-2.62%)
Close on Oct 19, 2026
Niu Technologies revenue by segment
By business segment
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electric scooter sales | CN¥3.90B | CN¥2.96B | CN¥2.36B | CN¥2.85B | CN¥3.25B | CN¥2.14B | CN¥1.79B | CN¥1.37B | CN¥709.60M | CN¥337.92M | 90.5% | +31.6% |
| Accessory and spare parts sales | CN¥299.17M | CN¥241.68M | CN¥197.63M | CN¥242.30M | CN¥397.09M | CN¥258.93M | CN¥253.80M | CN¥91.37M | CN¥49.16M | CN¥14.92M | 6.9% | +23.8% |
| Service revenues | CN¥112.21M | CN¥86.11M | CN¥95.47M | CN¥72.41M | CN¥54.46M | CN¥42.11M | CN¥35.22M | CN¥15.89M | CN¥10.61M | CN¥1.97M | 2.6% | +30.3% |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| China | CN¥4.00B | CN¥2.85B | CN¥2.25B | CN¥2.58B | CN¥3.16B | CN¥2.04B | CN¥1.64B | CN¥1.32B | CN¥731.42M | CN¥353.04M | 92.9% | +40.7% |
| Europe | CN¥177.78M | CN¥172.20M | CN¥151.52M | CN¥343.16M | CN¥430.20M | CN¥305.24M | CN¥274.45M | CN¥148.96M | CN¥36.26M | CN¥1.12M | 4.1% | +3.2% |
| Others | CN¥126.69M | CN¥270.93M | CN¥252.64M | CN¥241.60M | CN¥115.37M | CN¥99.87M | CN¥158.62M | CN¥10.16M | CN¥1.69M | CN¥650.33K | 2.9% | -53.2% |
From the segment and revenue-disaggregation notes of Niu Technologies's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.