Niu Technologies (NIU), the world's leading provider of smart urban mobility solutions, saw its stock soar 11.3% in the pre-market trading session on Monday. This remarkable surge followed the company's announcement of its impressive sales volume results for the fourth quarter and full year of 2024.

In the fourth quarter, Niu Technologies sold a total of 226,634 units, including e-motorcycles, e-mopeds, e-bicycles, kick-scooters, and e-bikes. This figure represents a substantial 65% year-over-year growth in the company's China market, driven by the successful launch of new models tailored to cater to diverse consumer segments, particularly the Gen Z riders and female riders. Additionally, Niu Technologies witnessed exceptional performance in its overseas micro-mobility segment, achieving a 65% year-over-year growth in Q4 and a 57% increase for the full year.

For the entire year of 2024, the company sold a total of 924,340 units, with 759,094 units sold in China and 165,246 units sold in international markets. This strong performance reflects Niu Technologies' strategic focus on customer-centric innovation, anticipating market demands, and capturing emerging opportunities with precision.