Niu Q1 Sales Jump on China Volumes
Niu Technologies has reported a 57% jump in sales volumes in Q1 2025 on a year-on-year basis, with unit sales crossing 203k units. This was mostly driven by the Chinese market where sales volumes jumped by 66%.
Financials22
Niu Sacrifices Margins for Volumes
After two continuous years of decline in vehicle sales and revenue, Niu posted a relatively strong 2024 with a 24% improvement in revenue, riding on an increase in volumes in both China and international markets. However, the per unit revenue declined and the gross margin has collapsed.
Vmoto Revenues Decline and That's Not the Talking Point
Vmoto reports a 32.5% dip in vehicle sales in FY 2024 and a 15.2% revenue decline. This was a year of major restructuring and expansion at the company as they head to an ASX delisting. However, the notice from a minority shareholder is a significant concern.
Making Sense of Damon's Q2 2025
A net income of USD 32.5 million took us by surprise, considering that this is a company that is not yet making any significant revenue, if at all. In the end, the financial statement reveals less and hides more.
Gogoro's Financials Continue to Deteriorate
The company's overall revenue were down amidst slowly increasing battery swapping revenues getting pulverised by steadily declining scooter sales. A worsening product mix and an enhanced focus on commercial energy storage opportunities were some key takeaways from the annual results.
Hiccups in Europe
Data released by ACEM indicates that the penetration of electric two-wheelers declined for the first time since 2019.
Zapp Electric Starts Turning Revenue
Zapp Electric, the UK-based, Thailand-manufactured, Nasdaq-listed manufacturer of the i300 super-scooter, has finally started turning revenue as it starts sales in Thailand and the UK. Global markets will follow soon.
Ola Electric's Financials are Deteriorating Fast
Ola Electric has reported a 50% increase in Net Losses and a 19.5% drop in revenues in Q3 FY2025 (year-on-year). In a quarter when the Indian E2W industry reached a new peak, Ola's declined. The company also had a one-off cost of INR 1.1bn (USD 12.56m) to address service issues.
Tough Being A-Live
Livewire's full-year unit sales could not cross the 2023 numbers even as cost-cutting measures and a high loss base meant that the Milwaukee-based Harley offshoot could improve on its losses. It needs new and smaller products. It needs a huge cultural shift in America. It needs a miracle.
Vmoto Remains Under Stress
The company's full-year sales numbers for 2024 are down 33% over 2023. Sales continue to fall in China and the rest of the world, even as the company stresses its positive cash flows and strong balance sheet and sales recovering in the near term horizon.
Vmoto to delist from ASX
Vmoto has announced its plans to delist from the Australian Stock Exchange (ASX). The company is unhappy with the market cap it attracts on the ASX, which it feels is not in line with its fundamental value.
How Alive is Livewire?
Livewire started with a bang with its operations out of Silicon Valley. Harley has its back. However, the solid financial backing, a tech-heavy platform, and heavy spending have not translated into sales numbers. It just had another bad quarter and is now pulling back from Silicon Valley