On May 20th, Xiaoniu Electric released its financial report for the first quarter of 2024. The financial report shows that in the first quarter of 2024, the sales volume of Xiaoniu Electric vehicles was 129139, a year-on-year increase of 36.8%, with a revenue of 504.7 million yuan, a year-on-year increase of 21.0%.
Among them, the domestic market sold 110115 vehicles, a year-on-year increase of 35.1%, and the vehicle revenue was RMB 392.9 million, a year-on-year increase of 28.8%; The overseas market sold 19024 vehicles, a year-on-year increase of 47.6%, with a total vehicle revenue of RMB 49 million. The company is optimistic about its performance in the second quarter, with an expected revenue of 912 million to 995 million yuan, a year-on-year increase of 10% -20%.