Niu Technologies (NASDAQ: NIU ) reported its Q2 2024 financial results, showing mixed performance. Revenues increased 13.5% year-over-year to RMB 940.5 million, driven by a 20.8% rise in e-scooter sales volume. However, the company faced challenges with gross margin declining to 17.0% from 23.1% in Q2 2023. NIU reported a net loss of RMB 24.9 million, compared to a net loss of RMB 1.9 million in the same period last year. Key highlights include: NIU expects Q3 2024 revenues to be between RMB 1,298 million and RMB 1,483 million, representing a 40% to 60% YoY increase.