Maverick Electric turned around last year: net profit of nearly 2 billion, overseas business accounted for 15% of revenue

Maverick Electric turned around last year: net profit of nearly 2 billion, overseas business accounted for 15% of revenue
On March 16, Beijing time, Maverick Electric released the financial report for the fourth quarter ended December 31, 2019 and the previously recognized audit.The financial report shows that Mavericks has achieved primary revenue20.76 trillion, an annual increase of 40.5%.Initially realized net profit 1.90 billion, reversing the previous year 3.4.9 billion net defects.In the fourth quarter, Mavericks achieved revenue 5.3.6 billion US dollars, an increase of 25 compared with the same period last year.4%, with a net profit of more than 60 million, making profits for four consecutive quarters.In the fourth quarter, Mavericks sold a total of 106,253 electric vehicles, with sales up 13%.5%.As of the end of the fourth quarter, the company had 1050 brand experience stores and specialty stores in China, covering 181 cities.The international sales network has expanded to 29 distributors, covering 38 countries, and the rich product structure and expanded sales network have driven global sales growth.As of the end of 2019, Mavericks has more than 1 million users worldwide, gradually riding 4.2 billion kilometers, and gradually replacing carbon 114.Li Yan, CEO of Maverick Electric, introduced that overseas business currently accounts for 15% of the company ‘s total revenue. In the future, the company will continue to increase its overseas business. In the short and medium term, the proportion of overseas business revenue will be increased to 20% to 25%.Open the Southeast Asian and Indian markets and create more opportunities for cooperation with overseas brands in the fields of technology and two-wheelers.In November 2019, Maverick Electric released 4 new products, NQiGTs, MQiGT, UQiGT are new models of the existing models specifically for overseas markets, and NIU Aero EUB-01 is Maverick Electric ‘s first electric moped.In January 2020, Maverick Electric debuted at CES and released the L2 level self-driving three-wheeled electric motorcycle TQi and the first Maverick electric straddle motorcycle RQi, both of which support 5G communications, and the company has deployed in the field of autonomous driving.China’s electric two-wheel market accounts for more than 80% of the global market.Shen Wanhongyuan research report pointed out that the new national standard policy dividend of electric vehicles is expected to continue to be released in the next two to three years. It is a definite trend that lithium batteries replace lead-acid batteries in the two rounds of the market.Analysts believe that the proportion of lithium battery electric vehicle sales will increase rapidly from 2020 and continue to grow at a high rate until 2025, when it will reach 80%.In December 2019, the first phase of the global R & D and manufacturing base of Maverick Electric Smart Travel has been put into operation.Li Yan, CEO of Maverick Electric, introduced that the base integrates R & D, production, warehousing and logistics, marking that Maverick Electric ‘s annual production capacity has reached one million.With the spread of the epidemic and the downturn in consumption, the prominence of the “epidemic” of the global economic war has become more severe.The two-wheeled electric vehicle market has also suffered a certain impact.In the post-epidemic era, Shen Wanhongyuan believes that two-wheeled electric vehicles are more popular for dividing crowded and space-enclosed public transportation.At present, the Mavericks electric organization resumes production and production, and the overall operation is gradually recovering.Sauna, Ye Wang Chen Weicheng Editor Wang Yu proofreading Li Ming