New Energy Road Coach Sales Jumped by 87.3% in February

07 April 2023

According to the latest statistics, China sold 1,043 units new energy road coaches (≥ 5 meters in length) in February, up by 13.7% month on month and up by 87.3% year on year. In comparison, the overall new energy bus market grew by 10.1% year on year and the road coach market (≥ 5 meters in length) rose by 17.0% year on year in February.

From January to February, China sold 1,959 units new energy road coaches, up by 67.9% year on year. In sharp contrast, the overall new energy bus sales went down by 21.3% year on year. For detailed information, please refer to Table 1 below.

Table 1

  new energy road coach new energy city bus total
Feb., 2023 1,043 1,237 2,280
Feb., 2022 557 1,980 2,537
Growth 87.3% -37.5% -10.1%
Jan.-Feb., 2023 1,959 2,287 4,246
Jan.-Feb., 2022 1,167 4,231 5,398
Growth 67.9% -45.9% -21.3%

In addition, new energy road coach sales already accounted for over half of the overall coach market. For detailed information, please refer to Table 2 below.

Table 2

  Sales of New Energy road coach Overall Sales of Road coach Percentage
Feb., 2023 1,043 1,896 55.0%
Feb., 2022 557 1,620 34.4%
Growth 87.3% 17.0% Up 20.6 percentage point
Jan.-Feb., 2023 1,959 3,914 50.05%
Jan.-Feb., 2022 1,167 4,920 23.7%
Growth 67.9% -20.4% Up 26.35 percentage point

Thirdly, Foton AUV was the biggest winner in the new energy coach market in the first two months this year. For detailed information, please refer to Table 3 below.

Table 3

Ranking in Jan.-Feb. Brand Jan-Feb., 2023 Percentage Feb., 2023 Percentage Ranking in Feb.
1 Foton AUV 1,331 67.9% 914 87.6% 1
2 Asiastar 127 6.5% 16 1.5% 5
3 Golden Dragon 115 5.9% 26 2.5% 3
4 Higer 108 5.5% 31 3.0% 2
5 JMC Jinma 83 4.2% 16 1.5% 5
6 Zhongtong 79 4.0% 5 0.5% 8
7 Yutong 56 2.9% 22 2.1% 4
8 Ankai 29 1.5% 13 1.2% 7
9 Nanjing King Long 25 1.3% 0 0.0% 10
10 King Long 6 0.3% 0 0.0% 10

Fourthly, Guangdong, Jiangsu and Shandong were the top three destinations of China’s new road coaches in the first two months. Plus Shanghai and Hainan, they accounted for more than half of the overall road coach sales in China. For detailed information, please refer to Table 4 below.

Table 4

Ranking Destination Jan.-Feb., 2023 Percentage Major cities
1 Guangdong 272 15.3% Shenzhen (87); Guangzhou (79); Dongguan (59); Huizhou (22); other cities (25)
2 Jiangsu 217 12.2% Nanjing (49); Suzhou (47); Nantong (45); Yangzhou (30); Wuxi (29); other cities (17)
3 Shandong 197 11.1% Qingdao (50); Jinan (38); Yantai (29); Weifang (28); Rizhao (19); Weihai (12); other cities (21)
4 Shanghai 177 9.95% Huangpu Dist. (55); Minhang Dist. (51); Jiading Dist. (29); Zhabei Dist. (25); other Dist. (17)
5 Hainan 145 8.2% Sanya (55); Haikou (52); other cities (38)
  Top 5 in total 1,008 56.7%  
  Overall Sales 1,778 100.0%  

 

Source : www.chinabuses.org

Editor : Isabella

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