Niu Technologies : Q3 2023 Corporate Presentation

3Q 2023

NIU at a glance

2014	8
Founded	Series of
electric two wheelers
53	4.1mn
Countries	Scooters
Sold Globally

Data as of September 30, 2023.

2,834

Stores in China

20bn km

Riding Data

2

China market: We released F400T/F200 in 3Q

Premium

Series

Year	2015 / 2019*	2016 / 2023*	2017 / 2022*	2022	2023
introduced

Mass-Premium

Series

Year	2020/2023*	2020/2022*
introduced

Notes: * Year of performance upgrades
Data as of September 30 2023.	3

EU and US: We started with e-moped and e-motorcycle, now extend to kick- scooters and e-bike

Year	2019	2020	2021	2021/2023*	2022
introduced

Data as of September 30, 2023.

4

South East Asia: We have introduced a high-end and mid-end models in Indonesia as a starter

Year introduced

2021

2021

Data as of September 30, 2023.

5

Competitive edge in smart technologies with user-centric industrial design

Our App

Our Scooter

Our battery

7th

Portable battery pack

Winner of seven major international design awards

6

Sales Network and Omnichannel Retail Model

Offline

DomesticInternational

Integration			Online
3rd Party Platform	NIU Store

297	55
City Partners	Country Distributors
2,834	53
Dedicated Stores	Countries

241	Europe
Cities	as the Key Market

Data as of September 30, 2023.	*We sell kick-scooters and e-bikes on Amazon and Shopify channels in international markets	7

Total production capacity of 2 million units per year

Current Capacity

(units)

2mn ~

8

Financial Highlights

Sales volume and Revenues

China Sales Volume	Overseas Sales Volume
(thousands)	(thousands)

Total Revenues (RMB millions)

392	YoY
-32.9%	YoY
		-12.4%
	263	230
3Q2021	3Q2022	3Q2023

		YoY
	58	-38.4%
YoY		36
+1059.8%
5
3Q2021	3Q2022	3Q2023

	YoY
	-6.0%
1226	1153	YoY
		-19.6%
		927
3Q2021	3Q2022	3Q2023

10