Niu Electric and Ninebot Lead the Upgrade of Electric Bicycle Consumption

Maverick Electric and Nine have seen significant growth in e-bike sales. Maverick Electric's sales in the first quarter of 2024 increased by 37% year-on-year, while Nine Company's revenue in the first quarter increased by 54.18% year-on-year. Both companies said that the trend of consumption upgrading in the electric bicycle market will continue.