Maverick Electric's total sales last year were 1.038 million units, up 72.5% year-on-year.

China's network technology on January 5, 2021 Xiaoniu Electric recently announced sales in the fourth quarter of 2021. In the fourth quarter of 2021, Maverick Electric sold 238,000 electric scooters, an increase of 58.3% year-on-year. Sales in the Chinese market were 205,000 units, up 49.2% year-on-year, while sales in the international market were 32,900 units, up 155.8% year-on-year.

Growth in the Chinese market is mainly driven by the expansion of retail networks, with Maverick Electric adding 422 new stores in China in the fourth quarter of 2021. By the end of 2021, Maverick Electric has 3108 stores in China.

The growth of the international market is mainly driven by strong demand for new electric motorcycles and electric scooters. In the fourth quarter of 2021, the sales volume of electric motorcycles and electric mopeds in the international market was 17,905 units, an increase of 39.2% year-on-year.

Total sales for the full year 2021 were 1.038 million units, up 72.5% year-on-year. Sales in the Chinese market and the international market reached 988,000 units and 49,891 units, respectively.