ago level year XXXX, sales volume total X our was flat and Crystal, of of maintaining the everyone. hello, the units quarter Thanks, year-over-year X.X%. same fourth In XXX,XXX drop with
significant XX% XX,XXX in to units in sales China X.X% of while the sales to a overseas had volume the XXX,XXX market by dropped units. market Specifically, increase
entire results up was of financial XXXX, year total XXXX. of the Total XXX.X year XX%. volume RMB Total revenue the was RMB was billion. in million, units. for X.X sales wrapped the revenue In Those XXX,XXX a QX decrease
price the year, lithium first operations. impact linger China. hike battery half year to the the downgrade in of while continue to our returned in lithium of to in XXXX the business new normal in XXXX effect our present additional for top-tier -- of due price levels half challenges of cities sales XXXX the The Now upgrade the faced significant battery in the second of consumption
spending resulted characterized a cautious slowdown the premium market trend This behaviors sales. is among by in customers in
international also the refocus and In product our and released our in by product significant Classic both performance improvements. strategy. with our XXXX in product Now mobile our in a market market, is series M-Series electro The due growth and and introduced headwinds, segment by Falcon focused market of One a more our remains European hindered with successfully premium MQiL, our sporty style, the in return updates disruptions operational opportunities encounter presented faced in countries, coupled key Europe, the X-wheeler Germany with further electric XXXX as year China we to challenges, design product strategy iconic to decline growing such the the issues reflect partners legacy market, the XXXX.
Despite distribution externally the line Netherlands, on series. temporary our enhancing by the itself and internally. our notable
light that about X besides The that just sales. also classic FL XXXX series. total consumers sales of XX% XXXX In China's popular another the become more in of quickly MMQiL months represents volume series is truly launch, the we halo see
together sales. China of The nearly represent With total launch XX% FXXXTFXXXSXXX new the S-Series recent products.
market. These presence Fusion Gaming remain events to and such provide Throughout -- Mountain our toy XXXX, strengthen is export. as brands collaborating the our a value we We premium and presence. or products to Festival, So deeply lifestyle product to activities dedication and participated our branding cross-brand premium craft by and commitment marketing China elevate North in and road in engaged user collaboration Face with brand. unwavering shows brand showcase our events leveraging actively to build various us leading for [indiscernible] opportunities exhibitions designer in our with fat complemented
presence predominantly [indiscernible] robust Collaborating communication on content a solidifying and a maintained platforms through footprint. POCs, XXX digital like campaigns, generated XXX video marketing million online short strategic with and brand's KOLs over our views, we further Simultaneously, our over
Furthermore, craft as resulting of XXXX, with collaboration [indiscernible] the IP impactful such GXXX launch partnership recognized [indiscernible] saw scooters. us new the cross-brand back on in our globally
partnership official eSports in Additionally, in finalist in QX team leading and League a we a the established of the XXXX, China with for Gaming, XXXX. significant JD Legends
to leverage continue amplify events strategic our our and position and forward, in high-profile visibility our Moving brand to reinforce collaborations we'll market. the
market. overseas mix XXXX, encountered the challenges into turning opportunities. we of a Now In and
XX%, sales disruption X-wheeler decline of operational distributors. one electric to faced primarily of experienced a our the significant attributed key by Our
our saw increase Mobility a However, Micro X.X% of modest segment year-on-year.
efforts Despite the in adjustments X-wheeler of we operational electric make to decline sector, have half our the performance XXXX. since initiated the second improve to
available in swift keyless navigation, fourth new quickly wild the in introduce electric from the XQI integrate the winning smart and adventures. the to variants, awards. RQI, writers product claims for X updates have XXXX Its lock, a urban X-wheeler design motorcycle, and gold we design we the York product of acceleration Street garnered X met such to electric In off-road market. quarter, dirt XQI cap The introduced enthusiasm the OTA market. launched the with high-performance features the European the been market. urban cutting-edge a New X XQI in the for continue winner XXXX GPS Alongside the RQI, electric We as XQI bike,
newly compatible Asia, Southeast collaborating to swap riders This initiative our Furthermore, previously quick yet we markets XXXX penetrate. with with the revolutionize have way inlet of battery market engage ]. solutions doors partners new to launch in that across our product official South EMOPet Europe battery and America swapping offering introduced opening swaps, the FXXX-[ with thereby by our efficient
XXXX. by closely Mobility Micro by delivered with X sector, X of officially available partners We up the slightly XXXX X.X%. better a In than higher and year to sales QX the working kicked with we solution previous year, operational have an swapping of end volumes in to capitals increase expect the
to in number grew by XXXX activation total the XXXX. Xx compared However,
In Product Strategy, portfolio QIX range from for long the spectrum product X fiber low micro and need of a constructed under in broader running lightweight our air carbon Air weight focused we kilograms predominantly mobility our incredible premium to KQI models to categories. on solidifies XX cater
sales scooter bracket. diversity the in laid $XXX $XXX design With to the options comprehensive that range the a plus crossed to $XXX $XXX anticipated innovative in to XXXX. foundation strong in range in accessible USD now This [indiscernible], we from spends higher scooters high-performance to lineup entry-level XXXX growth the for
in Mobility a sales Micro a big Amazon The role from of of product XXXX, also online with Shopify than products Europe. our to transitioned partners by In locations Best on play X,XXX the in and online/offline [indiscernible]. combination physical Buy, in MediaMarkt throughout able channel United focusing working official States sales place like our partners and sales more growth. expanded we Through those retail retail to the were
shows appearance in like and our our presence enhancing the the movie inclusion X on brand's in significantly Moreover, exports as participation Las shows, electric have brand including Murderer expectations, Akamai surpassed and active media countries Vegas, and popular our in TV pleasantly [indiscernible], in [indiscernible] in further [indiscernible] road Our has export global AM expo the such new various global and visibility. in and elevated the Misery stage. Berlin Milan
and segments, Now growth consumer XXXX targeting brought laid via our In same-store development, strong out strategy premium as segment, across sales channel move product into cities X X premium market operations. traffic towards optimism we and is commitment specific for very our online our optimization. offline Tier by China, growth XXXX, remains adjustment into on the in focusing expansion Tier
combined Similarly, In control product, XX% enhanced itself quickly improved with models series of with MQiL classic clear in new as design to as China Both in improvement. to captures our total premium classic QX Those rider series and our technology XXXX sales. as design, upgrade smart attention contribute the present high MQiL Chinese in preference return the the total consumers of XXXX design introduced smart graded sales nearly a of model deeply back introduced consumer's upgraded XX% economics. are serve we This classic the testimonial all-time powertrain functionalities. terms U of light enhancement quality. market cells and in for XXXX, of popular to both featuring a of UQI model contributed performance XXXX. minds
UQI of in U-Series launch in a successful foundation plus the MRL set new the our The M-Series and products. for
XX, which laid XXXX, we legendary design for our February our foundation on in continues company the Now XXXX. sale MX, Series, back designed our NX of the product, build first newly
electric scooter in also design sample over has our and China. launch. units for not classic only online million China electric but has The high-quality since was X.X premium of smart first a its become the legendary moped It new in sold
electric since bicycles regulations and bicycles, motorcycle, the regulation XXXX in upgrade consumer a introduction new and has with leading sales. the that a an decline of China as [indiscernible] the for requesting both standard with [indiscernible] electric complies to the Nonetheless, have new However, motorcycles. to been -- long be sold with on
out and [indiscernible]. as look. MX, design electric XXXX, shop at Now upgrades mathematic aerodynamic representing bicycle. original will panels future electric body's models of design to modern NXT refined transparent stands inherit smooth our with showcase in we but [indiscernible] The finally motorcycles Both incorporating design style The a style the lines.
scooters. signature a upgraded most have element lights, our halo we Additionally, across well-known shared
futurists another equipped the embedded smartest to the halo making The market. to are series, the NXT them our NX front scooters adding date, design. panel, cutting-edge on with the in [indiscernible] In most or technology functions lights the electric
function For the driving safety, with full equipped and are they TCS. ABS
Rare the spot the grade with Additionally, detection, wave in blind back. and in radar dash the cam cross the along and front RCW, the they feature traffic BST, warning millimeter automobile
interactive keyless features, are as lab riding and as locks enhance such well its as navigation, entertainment serving systems. with features including This timing, all start, ready incorporate experience, TFT interactive fitted riding further routes, the as the To display smart remote cockpit. they access
smart seamless Apple management, integration system. voice [indiscernible] features. including user update device as new to and smart ecosystem, integrated Harmony the Huawei incubate and and features Apple features with compatible also map like SunMine display shortcome for such The with of control, navigation Also device
X highest one is well The in pricing available is power NXT May. boosted motorcycle, platforms. online XXX-kilometer just watts streaming performance available XX,XXX, accelerates major NX in as The X.X hour XX,XXX where electric her speed to seconds. from ever were RMB NX as of initially released launch received evidenced hour of XX-kilometer to with per maxim through its we NXT Now preorders NXT with the of and the immediately by live since X,XXX from top
top secured the initial Those seller campaign crowd-funding across With than for XX% weeks units a exceeded of preorders during generating more the MX. first amount launch, e-commerce RMB to release This sales major the XXX XX,XXX X our period. results revenue platform all is more million. we compared initial in position than preorder as of
with introduce also targeting NXT products and performance-driven successful segments, electric launch user consumer plan segments diversified NX, motorcycle several the to to group. target Now of Series the we premium bicycle
example, options product smart portfolio, functionalities key upgraded users female scheme, For the targeting product our to premium just position, consumer argonomic in recently strategy segment ease. The handset improvement easy-to-use seat include launched diversified a with this XXXX in and color product new [indiscernible], is accessories. UX to targeting with our and baby our to build
in cities. coverage of Supported build well. represent focused also plan Tier XX with expansion the top which on lower-tier XX% XXXX, from restart X to channel to initially with Tier our those plans channel building X sales sales across products, cities we new as in to seats, the up QX We're
remains same-store efforts traffic. in live the Now combination sales, XX,XXX improvement of counts, over with We leveraging online store second stream conducting XXXX sessions focus an of half the off-line initiated for [indiscernible]. key and addition XXXX, those of on
further live GMV online We RMB successful case model, achieving XXX,XXX have offline a scale some conversion recorded plan successful we to to session, on indicating a up. of over
we XXXX, live on key those through continued X a online have directly initiatives sell live stream CD stores in daily markets, QX Starting streaming enabling to basis.
same-store sales over for media and XX% this we Additionally, content. anticipate growth in we improve social launch cocreate sales the campaigns store by widespread volume profitability. company With significant XX% online strategy in to enhanced XX,XXX to XXXX, driving our in to planned and have place,
to significant JD team, strengthen team our our a our with a last further official strategy with JD marketing scooter to to Gaming retail through collaboration year, with channel from campaigns, media product and expansion our impact Gaming the joined and branding collaborations engagement focus, Now in demographics. electric from forces highlight This and brand as within we seek partner. expands launches their with recent generation social expanding partnership we product Z make aim
partnership specific series social for effort groups with with and beginning marks targeting media platforms. continue our XXXX, planned collaboration user JD we Gaming of The leveraging strong to co-branding several intend IPs
coverage includes cc our of the X,XXX new of together bridge comprehensive option a The offering MTTXXX, with comprehensive The overseas Additionally, models portfolio, Now a electric SQI significant electric between [indiscernible]. in garnered EUR demand. dirt XXcc RQI from bike, attention. product the debut quad which our to market, category XQI, on a motorcycle and XXXX product quarter the EUR [indiscernible] sector offering, product in motorcycle gap motorcycle strategically with high-performance market the the targets our MGD-XXX provides RQI at has XXX marks price starting at the NGT X,XXX, priced SQI fourth model high-performance motorcycle in introduction price the
providing Germany, Dublin, expos, bikes and engagement feedback received has amplified instrumental active Vegas, and including [indiscernible] brand to influential interest we such the Reader as positive the group brought opportunity as those further the our been in in The Las from latest with industry Our events presence product. attendees, KOCs our our visibility Expo test user market. event in has solidifying review Motor heightened diverse drive
local distribution of us more have sector. customers We entities direct operation branding addition X-wheeler a market operations distributors, in we key invest ties we in retailers. In some some will us undertaken team of the overseas XXXX, adaptable substantial marketing, since our our established of and our for changes. model direct products are the with later distribution electric more importantly, in existing business to believe Most adjustment markets, the make of strong to to local and establish in and this to enable half
may actually will adjustments in recognition run. foundation long operational that those to reached revenue help create a With initially each the dealers delay local products strong individual to us the in retailer market
in QX second kickstarting product XXXX, of in the quarter the and the year. are confident completed portfolio beginning adjustments in this With comprehensive operational we growth
a XXXX Now overseas solid X foundation in years. growth sector, micro for the mobility past in have the we established over
Although sales to volume has building the further We continued this XXXX, by activation of positioned XXXX relatively the customers us year. rate. doubled number the has the our well and for growth remained volume at believe effort increase establishment portfolio to trend sale and a book has compared Xx flat in suggested that actual sales as channel the to the product
high-performance with front, carbon boost full of the now the September comprehensive [ lineup. ] kick XXXX, KKR a in scooter the On product the we product introduction portfolio air fiber lightweight,
use. of Additionally, suspension feature XXXX, better on series KQI per all in promising charge January X XXX marked the hydraulic popular due $XXX. starting time uneven XX-kilometer up surface, launch handling KQI Series, and range QXXX series an enhancement at for to of This designed to for
upgrade throughout the We have product plans year XXXX. several of other
are stores the foundation the advanced in and Now entering In market, U.S. stores XXXX, in with Buy such in [ positioned Target we significant in are XXXX. we those placing progress In XXX are Mediamark and lineup, progress over our Best over in nearly in English of product France, XXX retailers Spain. channels the a we Walmart, retail stores products over entering second Europe, our in laid solid [indiscernible Costco. ] and made displayed XXX XXX growth in half stores as Germany, well efforts in core for in making
in retailers the to network. [ Italy of plan with point forward number moving are by the we the retail with XXXX, and we Australia products sales ] expanding mobility sales in Mediaware of end of By others. of new partnership retail micro Additionally, and double
product, powerful, as products the we has our optimistic also all for as newly surrounding have we're the prepared In regaining been from expansions. market, So year momentum heading the our leveraging the the into product latest released gained the schedule channel throughout [indiscernible] China other XXXX, about release growth. the excitement well
operational overseas in adjustments motorcycle market, in confident QX, the with of the In the XXXX. growth in and product ready-to-ship place already we're
booked the sales are However, those in result QX differently as operational the adjustments to may in model due change. in actually sales temporarily decline
For online that both year. channels out establish fast the the laid product growth of well entire anticipate off-line our as and and we given as in the Micro beginning throughout we at segment, have this portfolio QX year Mobility
we Now in reaching factors units. X those sales million considered, anticipated volume XXXX, with X.X to
to Now I'll discuss. Wenjuan to turn
