The Ranking of New Energy Buses in February 2024, with a Y-Y Increase of 5.37

20 March 2024

In January 2024, the key new energy bus manufacturing companies tracked by China Bus Statistics Information Network sold a total of 2,230 large and medium-sized new energy buses over 6 meters in length, a nearly 50% increase (47.66%) compared to the 1,510 sold in January of the previous year, marking a good start for China's new energy bus industry in 2024.

So how did the new energy bus market perform in February 2024?

According to data from China Bus Statistics Information Network, in February 2024, China sold 1,825 new energy buses over 6 meters in length, an increase of 5.37% year-on-year and a decrease of 19.96% month-on-month.

The top 10 sales of large and medium-sized new energy buses over 6 meters in February 2024 exhibited the following characteristics:

The champion changed hands; Foton AUV Bus took the lead with sales of 512 units, also the only company with sales exceeding 500 units, an increase of 28% year-on-year, outperforming the overall market; with a market share of 28.05%;

Yutong Bus sold 207 units, sliding from the previous top spot to second place, with a significant increase of 233.87% year-on-year; outperforming and leading the overall market; with a market share of 11.34%;

King Long Bus sold 205 units, ranking third, with a year-on-year increase of 4.59%, lagging behind the overall market; with a market share of 11.23%;

BYD sold 201 units, ranking fourth, with a year-on-year decrease of 14.47%, lagging behind the overall market; with a market share of 11.01%;

Golden Dragon sold 192 units, ranking fifth, with a year-on-year decrease of 4.48%, lagging behind the overall market; with a market share of 10.52%.

The sales of the remaining companies were all below 200 units, with market shares of less than 10%.

Overall, the competition landscape of the new energy bus market changed significantly in February 2024, with a new champion emerging and a major shuffle in the rankings. Foton AUV took the lead, followed by Yutong and King Long. Among the top 10, five companies saw year-on-year increases and five saw decreases, with Yutong leading the growth. Seven companies reported month-on-month increases and three reported decreases, with Skywell leading the increase. Foton AUV, King Long, and Skywell achieved year-on-year and month-on-month "double growth."

Source : www.chinabuses.org

Editor : Lucy

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