On January 4, Yutong released a report of its business performance in 2017. According to the report, the bus maker produced 67,231 units buses in 2017, down by 5.29% year on year. Its sales volume reached 67,568 units, down by 4.82% year on year. Specifically, the sales volume of its large-sized buses reached 27,704 units, up by 9.29% year on year; the sales volume of its medium-sized buses stood at 31,992 units, down by 15.79% year on year; the sales volume of its light buses registered at 7,872 units, up by 2.93% year on year.

 

In December, Yutong produced 11,181 units buses, up by 9.40% year on year and up by 22.45% compared with that in the previous month. In the same month, it sold 13,140 units buses, including 6,397 units large-sized buses, 5,968 units medium-sized buses, and 775 units light buses. Its sales volume in December grew by 21.01% year on year and 70.96% compared with that in the previous month.

 

For detailed information of its production and sales in December and the year of 2017, please refer to the table below. 

	Dec. 2017	Dec. 2016	Growth	2017	2016	Growth
Production	11,181	10,220	9.40%	67,231	70,987	-5.29%
large	5,637	3,515	60.37%	27,583	25,206	9.43%
medium	4,989	6,091	-18.09%	31,845	38,130	-16.48%
light	555	614	-9.61%	7,803	7,651	1.99%
Sales	13,140	10,859	21.01%	67,568	70,988	-4.82%
large	6,397	3,641	75.69%	27,704	25,350	9.29%
medium	5,968	6,717	-11.15%	31,992	37,990	-15.79%
light	775	501	54.69%	7,872	7,648	2.93%

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From the table above, it can be seen that Yutong’s large-sized buses grew explosively in December with its sales volume 75.69% more than that in the same month in 2016 and nearly three times of that in November this year. 

 

Also in December, Yutong sold 5,968 units medium-sized buses, down by 11.15% year on year. Compared with a sales volume of 4,473 registered in November in 2017, its sales volume in December jumped by 33.42%. 

 

In 2017, Yutong produced 25,066 units new energy buses, down by 5.60%. In the same year, its sales volume of new energy buses reached 24,865 units, down by 7.41%. Specifically, it sold 20,345 units electric buses, down by 6.11% year on year. In addition, its sales of electric medium-sized buses registered at 11,558 units, down by 27.35% year on year. In contrast, its electric large-sized buses sold 8,152 units, up by 51.47% year on year.

 

In 2017, China’s 224 enterprises rolled out 3,233 different models of new energy vehicles. Among them, 179 models are branded with Yutong, accounting for 5.5% of the total, fully demonstrating the bus maker’s leading position in the emerging industry.

 

Thanks to the introduction of its internet-connected buses and its third generation school buses as well as its robust expansion in the overseas markets, Yutong performed particularly well in such sectors as school buses, high-end business buses and tour buses for scenic areas.