Key Points – Niu’s Q1 2026 revenue and volume surged, with total sales volume rising about 29% year over year to roughly 261,000 units and revenue increasing 33.4% to RMB 909.5 million.
Growth was driven mainly by a strong performance in China. – China demand was boosted by electric motorcycles, which helped offset softer electric bicycle sales during a regulatory transition
Management said the company is expanding beyond tier-1 cities, with especially fast growth in tier-2 and tier-3 markets. – International sales remain in transition as Niu trims inventory and shifts to a new distribution model, weighing on overseas micro-mobility sales. The company guided Q2 revenue to RMB 1.57 billion–RMB 1.82 billion, implying 25% to 45% growth year over year. Niu Technologies (NASDAQ:NIU) reported a sharp increase in first-quarter 2026 revenue and China sales volume, as management said growth in electric motorcycles offset weakness in electric bicycles during a period of regulatory transition.
Chief Executive Officer Yan Li said total sales volume reached about 261,000 units, up 28.7% year over year, while revenue rose 33.4% to RMB 909.52 million. Chief Financial Officer Fion Zhou later cited total sales volume of 262,000 units, including 248,000 units sold in China and 14,000 units overseas. “The first quarter of 2026 was a period of high-quality execution and strategic resilience within a complex regulatory environment,” Li said. China Growth Driven by Electric Motorcycles In China, Niu’s sales volume increased 35.4% year over year to 247,938 units.