NIU Electrical Scooter Gross sales Cross 2.52 Lakh In Q2 2021
The corporate’s subsequent huge launch is RQi electrical bike, deliveries of that are slated to start shortly in a couple of days
Chinese language electrical scooter manufacturer- NIU, has witnessed super progress within the not too long ago concluded second quarter of 2021. As per an official assertion launched by the corporate, NIU offered 252,998 models of electrical scooters within the second quarter this 12 months as in comparison with 160,138 offered throughout the interval a 12 months again.
This resulted in YoY progress of 58 p.c. Out of 252,998 models retailed, 6,980 models have been shipped to abroad markets representing a 34.8 p.c YoY progress. At the moment, the Beijing-based e-scooter producer stays unchallenged so far as gross sales quantity is worried.
Progress in first half of 2021
The figures seem like extra staggering when merged with the gross sales quantity of the primary quarter. The corporate offered a complete 402,647 models of electrical two-wheelers within the first half of 2021 which is greater than double what the corporate managed to promote throughout the identical time final 12 months. Within the first half of 2020, NIU dispatched 200,298 models to dealerships throughout the nation, translating to YoY progress of 101 p.c.
The overwhelming progress recorded for the primary half of 2021 is a results of a slowdown attributable to the worldwide Covid-19 pandemic and subsequent restrictions. To focus on its spectacular efficiency, NIU has offered as many e-scooters as Tesla sells automobiles globally. The expansion was additionally pushed by launch of recent merchandise in addition to enlargement of its retail community throughout the nation.
NIU product lineup
NIU has launched 4 new products- F0, F2, F4 and C0 fashions in April this 12 months. Out of those 4, the primary two fashions have already been mass-produced and delivered within the second quarter of 2021. As many as 450 new retail centres have been added throughout China within the second quarter this 12 months. By the top of June 2021, NIU had 2,366 showrooms throughout the nation.
Progress within the worldwide markets was primarily pushed by restoration from COVID-19, particularly in North American and European markets. Nevertheless, deliveries of merchandise nonetheless stay a problem as a consequence of constraints in worldwide transport.
The corporate has a large product portfolio that includes eight collection, 4 e-scooter collection, two city commuter electrical bikes, a efficiency bicycle collection and kick-scooter collection. The vary of electrical scooters consists of NQi, MQi and UQi with good capabilities and Gova. The bike vary includes RQi and TQi fashions whereas NIU Aero is the model’s sole efficiency electrical bicycle.
Electrical Scooter Gross sales In India
In comparison with China, electrical scooter gross sales are at a very nascent stage in India. Despite India being one of many largest purchaser of two wheelers on this planet, gross sales of electrical two wheelers represent a minuscule share of complete gross sales. However issues are altering. Increasingly more gamers are getting into the EV discipline. India’s electrical automobile gross sales are anticipated to develop exponentially within the coming years as authorities norms and rising petrol costs push increasingly more consumers in the direction of EV.