Niu Technologies (NIU) has released an update.
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Niu Technologies reported a 13.5% revenue increase to RMB 940.5 million in Q2 2024, yet faced a net loss of RMB 24.9 million, deepening from last year’s RMB 1.9 million loss. The company saw a surge in e-scooter sales, particularly strong in international markets with a 45.4% jump, as it continues to expand its global footprint and product lineup.
For further insights into NIU stock, check out TipRanks’ Stock Analysis page.
