Quick Answer
Niu Technologies reported R&D Expense of $17.83 million for fiscal year 2024.
Niu Technologies R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $17.83M | -88.2% |
| 2023 | $150.99M | -14.4% |
| 2022 | $176.48M | +30.5% |
| 2021 | $135.22M | +28.4% |
| 2020 | $105.34M | +56.8% |
| 2019 | $67.19M | -26.8% |
| 2018 | $91.81M | +132.5% |
| 2017 | $39.49M | +19.4% |
| 2016 | $33.09M | — |
- Niu Technologies showed a decrease of -88.2% in R&D Expense compared to the prior fiscal year.
- Over the 2016–2024 period, Niu Technologies’s r&d expense has declined by 46.1% (from $33.09 million to $17.83 million).
- The most recent figure is from Niu Technologies’s fiscal year 2024 report (Form 20-F), filed with the SEC on April 18, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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