The revenue of Xiaoniu Electric increased by 23%, and the revenue in Q1 increased by 35.1% year-on-year.

Xiao Niu Electric surged in midday trading, rising 23% at one point to $3.95. The company's previously released financial report showed a revenue of 682 million yuan in the first quarter of 2025, a year-on-year increase of 35.1%; net loss was 38.8447 million yuan, a decrease of 29.11% compared to the same period last year.