Niu sold over 250.000 electric scooters in Q3 2020

China's Niu, considered one of the largest electric two-wheelers in the world, sold 250.889 electric scooters in 2020 in the third quarter of 67,9, up XNUMX% from last year.

Although Niu is constantly accelerating its international development, its domestic market remains the main source of income. With 245.293 3 registrations made in the 97,8th quarter, China represents XNUMX% of all electric scooters sold by the manufacturer during this period.

According to Niu, the sales growth in the Chinese market was mainly driven by the release of new models earlier this year. Leading the low brand value strategy, Gova G0 alone accounted for 27,6% of the manufacturer's sales in the Chinese market in the third quarter, while MQi2 and MQiS captured 18,6% of the market.

Niu sold over 250.000 electric scooters in the third quarter of 3

In total, NIU has sold about 451.187 electric scooters since the beginning of the year. While sales in the Chinese market jumped 49,6% year-over-year, international sales fell 32,2%. The reason is the Covid-19 health crisis that continues to slow down many international markets.