China New Energy Bus Exports in November 2024_data analyst

China New Energy Bus Exports in November 2024
13 December 2024

In November 2024, China exported 1,105 new energy buses (over 3.5 meters in length), representing a year-on-year increase of 25.85%, but a significant month-on-month decline of 58.40%. Among the top ten companies, BYD regained the top spot compared to October, while Yutong Bus leapt from sixth to second place.

In November, BYD secured the championship with 437 new energy bus exports, marking a year-on-year growth of 49.15% and a month-on-month increase of 4.55%. Its market share was 39.55%, up nearly 25 percentage points compared to October.

Yutong Bus rose from sixth in October to second place, with new energy bus exports of 210 units, a year-on-year surge of 191.67%, and a month-on-month increase of 19.32%. Its market share was 19.00%, up nearly 13 percentage points compared to October.

Golden Dragon continued to hold the third position, with new energy bus exports of 142 units, a year-on-year increase of 517.39%, and a market share of 12.85%, which also continued to rise compared to October.

From January to November, China exported 13,083 new energy buses, representing a year-on-year increase of 25.33%. The growth rate expanded compared to the first ten months, indicating a strong momentum.

BYD retained its top position with 3,298 new energy bus exports, a year-on-year increase of 10.08%, and a market share of 25.21%. It was the only company to exceed 3,000 units in cumulative sales of new energy buses exported in the first 11 months. BYD has consistently ranked first in cumulative sales this year, with its market share increasing by nearly 2 percentage points compared to the first ten months.

Yutong Bus continued to hold the second position, with new energy bus exports of 1,893 units, a year-on-year increase of 70.69%, and a market share of 14.47%, which also increased compared to the first ten months.

Higer continued to occupy the third position, with new energy bus exports of 1,546 units, a year-on-year increase of 38.65%, and a market share of 11.82%, slightly up compared to the first ten months.