China Sold 3,096 Units Medium and Large-Sized New Energy Buses in August

19 September 2023

According to the latest statistics, China sold 3,096 units medium- and large-sized new energy buses (6-meter and above in length), down by 2.09% compared with the sales volume in July this year, down by 8.44% year on year. Two major factors have contributed to the sales decline. Namely, the cancellation of subsidies for new energy vehicles continues to be felt by the industry; some bus operators are less willing to make new purchases. For the detailed information of the sales of the top 10 players in the market, please refer to Table 1 below.

Table 1 Top 10 Players in the New Energy Bus Market in August

R. Brand Sales in Aug., 2023 Y/Y Growth M/M Growth Market Share
1 Yutong 682 -5.01% -2.15% 22.03%
2 King Long 388 114.36% 515.87% 12.53%
3 Higer 311 -4.6% 61.98% 10.05%
4 CRRC Electric 287 537.78% 856.67% 9.27%
5 Golden Dragon 264 -16.19% -1.86% 8.53%
6 Sunwin 201 60.80% 23.31% 6.49%
7 Geely Commercial 165 Net Growth -79.14% 5.33%
8 Zhongtong 137 -49.07% -36.28% 4.43%
9 Ankai 130 136.36% 80.56% 4.20%
10 BYD 121 -85.91% -56.79% 3.91%
  Total of the Industry 3,096 -8.44% -2.09% 100.0%

In contrast, China sold 8,667 units medium- and large-sized buses in August, up by 34.68% year on year. For the detailed information, please refer to Table 2 below.

Table 2 Sales of Fossil-Fueled and New Energy Buses in August

  Sales of medium- and large-sized new energy buses Sakes if medium- and large-sized buses
Aug., 2023 3,096 8,667
Aug., 2022 3,381 6,435
Y/Y Growth -8.44% 34.68%

From January to August this year, China’s sales volume of new energy buses stood at 21,494 units, down by 18.78% year on year. For the detailed information of the top 10 players in the new energy bus market for this period, please refer to Table 3 below.

Table 3 Top 10 Players in the New Energy Bus Market from January to August

R. Brand Sales from Jan. to Aug. Y/Y Growth Market Share
1 Yutong 3,633 -28.98% 16.90%
2 BYD 2,326 -37.86% 10.82%
3 Foton AUV 2,295 18.24% 10.68%
4 Golden Dragon 2,252 14.03% 10.48%
5 King Long 1,859 26.29% 8.65%
6 CRRC Electric 1,519 29.61% 7.07%
7 Higer 1,415 -21.69% 6.58%
8 Geely Commercial 1,074 289.13% 5.00%
9 Zhongtong 890 57.31% 4.14%
10 Gree Altairnano 804 -22.62% 3.74%
  Total of the Industry 21,494 -18.78% 100.0%

From January to August, China’s sales volume of medium- and large-sized buses stood at 56,598 units, up by 27.4% year on year. For the detailed information, please refer to Table 4 below.

Table 4 Sales of Fossil-Fueled and New Energy Buses in August

  Sales of medium- and large-sized new energy buses Sakes if medium- and large-sized buses
Jan.-Aug., 2023 21,494 56,598
Jan.- Aug., 2022 26,464 44,425
Y/Y Growth -18.78% 27.4%

 

Source : www.chinabuses.org

Editor : Mark

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