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The Power War Goes Bonkers As 3020-Hp EV Supercar Previewed

The Power War Goes Bonkers As 3020-Hp EV Supercar Previewed

Forbes3 hours ago
Just 30 years ago, enthusiasts were drooling over sports cars like the Ford Mustang V8 Cobra R, the Chevy Camaro Z28 SS, Porsche's 911, the Honda NSX, Nissan's Skyline GT-R, Toyota's Supra and the Mazda RX-7, all of which produced around 300-hp.
Wind the clock forward three decades and that maximum power output has been boosted by 10 times! That's right, China's massive BYD conglomerate is just about to launch a 3,020-hp fully-electric supercar called the Yangwang U9 Track Edition. Okay, so the naming might be a bit 'iffy,' but jokes aside, that is a ridiculous amount of power. Yep, let's say it—dangerous, in fact. But before we get into the upgraded U9 Track Edition, let's first check out the specs of the base model launched last year.
The base model U9 produces 1300-hp, so that's more than double the power!
The base model Yangwang U9 went on sale exactly one year ago boasting a seemingly modest by comparison 1,300-hp and four advanced e-motors, one on each wheel. This powertrain allows the U9 to sprint from 0 to 62 mph in 2.36 seconds. To put that figure into perspective, Ferrari's twin-turbo V8 SF90 Stradale reaches 0 to 62 mph in 2.5 seconds while the Bugatti Chiron takes 2.4 seconds. The U9 also stunned the motoring world last year when vision of the car turning on itself (rotating on the same spot) and jump over potholes was released. And with 3020-hp, we can expect an even quicker sprint time from zero to 60mph, almost certainly undercutting 2 seconds.
For those potential buyers out there thinking, 'Hmmm, will the U9 fit into my garage,' its dimensions measure 195.5″ x 80″ x 51″, making the Yangwang U9 roughly the same size as a Lamborghini Aventador. Now as far as pricing goes, the U9 will set you back around US$233,000, which is less than half the cost of a $525,000 Ferrari Stradale, which has half the power. These comparisons were enough to prod Ferrari's CEO Benedetto Vigna to warn that surging Chinese EV markers are 'a call to action for Europe.'
Now back to the newly revealed U9 Track Edition. So what we saw last year was just a sign of things to come. Because based on a new filing at the Ministry of Industry and Information Technology (MIIT) in China, BYD is preparing to launch a new 'Track Edition' of the Yangwang U9. In the established world of sports and super cars, when an automaker releases a 'track' edition of a car, it typically employs bodykit enhancements for improved aerodynamic performance, adding downforce, and it will also fit bigger brakes.
And of course, more often than not, you will see significant power upgrades—which is what we see here. But to be bluntly honest, they will need to beef up downforce considerably to stop the U9 from getting airborne, even though the car tips the scales at hefty 2500 kgs or 5,510 lbs. From photos coming out of China, this new Track Edition appears to offer all of the above.
But what we are not seeing are explanations of how the brand plans to more than double the car's power from 1300 to 3020 hp. That's one 555 kW e-motor on each corner, a figure that translates to 3020-hp. Obviously the U9 Track Edition will employ four e-motors like its U9 brother, but to boost power by such a large amount, engineers would have to employ a higher density battery pack and higher performance e-motors. Can't wait to hear how they're going to achieve that upgrade and how much more it will cost. But expect something above $300,000.
I have driven cars with over 800-hp and they are massively scary. Even driving a hypercar that has AWD and traction control systems like the U9, you have to possess a certain amount of skill and have your wits about you to stay alive. Media were calling the $114,000 Xiaomi SU7 Ultra with 1500-hp dangerous just 6 months ago when it first appeared, but now we have a car with more than double that power.
Pundits have also been questioning the reasoning behind the power war going on in Europe that has seen a 2,300-hp Koenigsegg Gemera, a 2,000-hp Lotus Evija and a 1,914-hp Rimac Nevera land in showrooms recently for silly money — with each car demanding over $2 million.
Let's takes things back to some semblance of sanity for a moment. I, and many of my colleagues believe that this power war going on in China and elsewhere is getting out of hand. If BYD really wanted to make a super car for driving enthusiasts, then I feel they should rethink their strategy, employ a carbon fiber tub and more carbon fiber body parts, drop the power by half, reduce the amount of batteries needed and reduce the weight by 500-700 kgs. That would also make it handle better and would allow you to reduce the price. But I have a feeling that our quiet calls for sanity will fall on deaf ears.
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Niu Technologies Announces Unaudited Second Quarter 2025 Financial Results
Niu Technologies Announces Unaudited Second Quarter 2025 Financial Results

Associated Press

time7 minutes ago

  • Associated Press

Niu Technologies Announces Unaudited Second Quarter 2025 Financial Results

-- Second Quarter Revenues of RMB 1,255.7 million, increase 33.5% year over year -- Second Quarter Net Income of RMB 5.9 million, compared to net loss of RMB 24.9 million in the same period of last year BEIJING, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Niu Technologies ('NIU', or 'the Company') (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announced its unaudited financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Highlights Second Quarter 2025 Operating Highlights Dr. Yan Li, Chief Executive Officer of the Company, remarked, 'During China's e-commerce peak season in May and June, our products consistently ranked among the best-selling mid to high-end models in the electric bicycle and electric motorcycle sectors. Featuring enhanced intelligence and functionality, our new models launched in the first half of 2025 demonstrated our commitment to smart technology. In addition, we expanded our domestic retail network to over 4,300 stores in China, reinforcing our growth strategy in the domestic market.' Dr. Li continued, 'In overseas markets, our electric motorcycles continued their steady recovery throughout the first half, in line with our overseas strategy. Meanwhile, sales in the micromobility segment softened due to ongoing geopolitical and economic uncertainties.' Second Quarter 2025 Financial Results Revenues reached RMB 1,255.7 million, representing a 33.5% increase year-over-year. This growth was mainly driven by a 36.7% increase in sales volume, partially offset by a 2.3% decrease in revenues per e-scooter. The following table shows the revenue breakdown and revenues per e-scooter in the periods presented: Cost of revenues was RMB 1,003.2 million, an increase of 28.5% year-over-year, in line with the growth trend of revenues. The cost per e-scooter, defined as cost of revenues divided by the number of e-scooters sold in a specific period, was RMB 2,866, a decrease of 6.0% from RMB 3,048 in the second quarter of 2024. This decrease was mainly due to changes in product mix, along with the cost-reduction impact in China market. Gross margin was 20.1%, compared with 17.0% in the same period of 2024. The increase was mainly driven by a higher proportion of e-scooter sales and an improved gross margin in China market, reflecting the positive impact of our cost-reduction initiatives. Operating expenses were RMB 264.9 million, an increase of 38.1% year over year. Operating expenses as a percentage of revenues was 21.1%, compared with 20.4% in the second quarter of 2024. Operating expenses excluding share-based compensation were RMB 257.3 million, an increase of 37.9% year over year, and represented 20.5% of revenues, compared with 19.8% in the second quarter of 2024. Share-based compensation was RMB 7.9 million, compared with RMB 5.4 million in the same period of 2024. Income tax benefit was RMB 12.5 million, compared with income tax expense of RMB 1.0 million in the same period of 2024. Net income was RMB 5.9 million, compared with net loss of RMB 24.9 million in the second quarter of 2024. The net income margin was 0.5%, compared with net loss margin of 2.6% in the same period of 2024. Adjusted net income (non-GAAP) was RMB 13.7 million, compared with an adjusted net loss of RMB 19.5 million in the second quarter of 2024. The adjusted net income margin4 was 1.1%, compared with an adjusted net loss margin of 2.1% in the same period of 2024. Basic and diluted net income per ADS were both RMB 0.07 (US$ 0.01). Balance Sheet As of June 30, 2025, the Company had cash and cash equivalents, term deposits and short-term investments of RMB 1,226.6 million in aggregate. The Company had restricted cash of RMB 214.8 million and short-term bank borrowings of RMB 220.0 million. Business Outlook NIU expects revenues of the third quarter 2025 to be in the range of RMB 1,433 million to RMB 1,638 million, representing a year-over-year increase of 40% to 60%. The above outlook is based on information available as of the date of this press release and reflects the Company's current and preliminary expectation and is subject to change. Conference Call The Company will host an earnings conference call on Monday, August 11, 2025 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) to discuss its second quarter 2025 financial and business results and provide a corporate update. To join via phone, participants need to register in advance of the conference call using the link provided below. Upon registration, participants will receive dial-in numbers and a personal PIN, which will be used to join the conference call. A live and archived webcast of the conference call will be available on the investor relations website at About NIU As the world's leading provider of smart urban mobility solutions, NIU designs, manufactures and sells high-performance electric motorcycles, mopeds, bicycles, as well as kick-scooters and e-bikes. NIU has a diversified product portfolio that caters to the various demands of our users and addresses different urban travel scenarios. Currently, NIU offers two model lineups, comprising a number of different vehicle types. These include (i) the electric motorcycle, moped and bicycle series, including the NQi, MQi, UQi, FQi series and others, and (ii) the micro-mobility series, including the kick-scooter series KQi and the e-bike series BQi. NIU has adopted an omnichannel retail model, integrating the offline and online channels, to sell its products and provide services to users. For more information, please visit Use of Non-GAAP Financial Measures To supplement NIU's consolidated financial results presented in accordance with the accounting principles generally accepted in the United States of America ('GAAP'), NIU uses the following non-GAAP financial measures: adjusted net income (loss) and adjusted net income (loss) margin. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. NIU believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding certain items that may not be indicative of its operating results. The Company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to NIU's historical performance. The Company believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP financial measures is that these non-GAAP measures exclude certain items that have been and will continue to be for the foreseeable future a significant component in the Company's results of operations. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. Adjusted net income (loss) is defined as net income (loss) excluding share-based compensation expenses. Adjusted net income (loss) margin is defined as adjusted net income (loss) as a percentage of the revenues. For more information on non-GAAP financial measures, please see the tables captioned 'Reconciliation of GAAP and Non-GAAP Results'. Exchange Rate This announcement contains translations of certain RMB amounts into U.S. dollars ('US$') at specified rates solely for the convenience of the readers. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB 7.1636 to US$ 1.00, the exchange rate in effect as of June 30, 2025, as set forth in the H.10 Statistical release of the Board of Governors of the Federal Reserve System. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to' and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as NIU's strategic and operational plans, contain forward-looking statements. NIU may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIU's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIU's strategies; NIU's future business development, financial condition and results of operations; NIU's ability to maintain and enhance its 'NIU' brand; its ability to innovate and successfully launch new products and services; its ability to maintain and expand its offline distribution network; its ability to satisfy the mandated safety standards relating to e-scooters; its ability to secure supply of components and raw materials used in e-scooters; its ability to manufacture, launch and sell smart e-scooters meeting customer expectations; its ability to grow collaboration with operation partners; its ability to control costs associated with its operations; general economic and business conditions in China and globally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIU's filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and NIU does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact: Niu Technologies E-mail: [email protected] _______________________________________ 1 Adjusted net income (loss) (non-GAAP) is defined as net income (loss) excluding share-based compensation expenses 2 Revenues per e-scooter on e-scooter sales from China or international markets is defined as e-scooter sales revenues from China or international markets divided by the number of e-scooters sold in China or international market in a specific period 3 Revenues per e-scooter on accessories, spare parts and services is defined as accessories, spare parts and services revenues divided by the total number of e-scooters sold in a specific period 4 Adjusted net income (loss) margin is defined as adjusted net income (loss) (non-GAAP) as a percentage of the revenues

Trending tickers: latest investor updates on Nvidia, Tesla, SoftBank, C3.ai and Bitmine
Trending tickers: latest investor updates on Nvidia, Tesla, SoftBank, C3.ai and Bitmine

Yahoo

time35 minutes ago

  • Yahoo

Trending tickers: latest investor updates on Nvidia, Tesla, SoftBank, C3.ai and Bitmine

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Nvidia, AMD to Pay US 15% of China AI Chip Revenue
Nvidia, AMD to Pay US 15% of China AI Chip Revenue

Bloomberg

time3 hours ago

  • Bloomberg

Nvidia, AMD to Pay US 15% of China AI Chip Revenue

Good morning. Chipmakers Nvidia and AMD strike an unusual arrangement with the US government. Volodymyr Zelenskiy refuses to cede land. And the Swiss want to charge the Germans and Dutch for using their Alpine roads. Listen to the day's top stories. Nvidia and Advanced Micro Devices will pay 15% of their revenue from Chinese AI chip sales to the US government to secure export licenses, an arrangement that may unnerve both American companies and Beijing. 'This seeming quid pro quo is unprecedented from an export control perspective," said Jacob Feldgoise at the DC-based Center for Security and Emerging Technology.

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