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Position:analyst > analysis > China Sold 1,485 Units New Energy Mid- and Large-Sized Buses in February

China Sold 1,485 Units New Energy Mid- and Large-Sized Buses in February

2022-03-15    Source:www.chinabuses.org
Summarize:

According to the latest statistics, China sold 1,485 units new energy mid- and large-sized buses (with a length of 7 meters and above), up by 9.99% year on year, but down by 46.22% month on month. The detailed sales information of the top ten new energy bus players in February, please refer to Table 1 below.

Table 1 Top Ten New Energy Bus Players in China in February

Ranking Brands Feb., 2022 Feb., 2021 Growth
1 Yutong 313 315 -0.63%
2 BYD 303 83 265.06%
3 CRRC Electric 268 60 346.67%
4 Zhongtong 148 83 78.31%
5 Foton AUV 115 85 35.29%
6 Higer 81 80 1.25%
7 King Long 62 28 121.43%
8 Golden Dragon 38 44 -13.64%
9 Ankai 34 61 -44.26%
10 Sunwin 30 41 -26.83%
  Sales of the Top 10 1,392 880 58.18%

Also in February, China sold 2,722 units mid- and large-sized buses (with a length of 7 meters and above), down by 2.33% year on year. The growth rate of new energy bus sector is 12.32 percentage points higher than that of the bus industry as a whole.

In the first two months this year, China’s sales volume of mid- and large-sized new energy buses reached 4,094 units, up by 9.1% year on year. In the same period, China sold 7,440 units mid- and large-sized buses, down by 5.84% year on year. The growth rate of new energy bus sector is 14.94% percentage points higher than that of the bus industry as a whole. For the detailed sales information of the top ten new energy bus players in the first two months, please refer to Table 2 below.

Table 2 Top Ten New Energy Bus Players in China in Jan. & Feb.

Ranking Brands Jan. & Feb., 2022 Jan. & Feb., 2021 Growth
1 Yutong 867 1,096 -20.89%
2 BYD 622 301 106.64%
3 CRRC Electric 516 159 224.53%
4 Foton AUV 449 254 76.77%
5 Higer 380 315 20.63%
6 Zhongtong 317 319 -0.63%
7 Ankai 263 251 4.78%
8 King Long 187 301 -37.87%
9 Golden Dragon 136 61 122.95%
10 Asiastar 78 138 -43.48%
  Sales of Top 10 3,815 3,195 19.41%
 

From Table 2, it shows that the sales growth rate of the top ten players in the new energy bus industry is 10 percentage points higher than that of the new energy bus industry as a whole. In addition, the combined sales of the top ten new energy bus players accounted for 93.2% of the sales of the new energy bus industry.

From January to February, the top ten new energy bus players’ market share witnessed some changes. For detailed information, please refer to Table 3 below.

Table 3 Changes of Market Shares of Top Ten New Energy Bus Players in Jan. & Feb.

Ranking Brands Market Share, 2022 Market Share, 2021 Change
1 Yutong 21.18% 29.2% -8.02
2 CRRC Electric 15.19% 8.02% 7.17
3 Foton AUV 12.60% 4.24 8.36
4 BYD 10.97% 6.77% 4.20
5 Higer 9.28% 8.39% 0.89
6 Zhongtong 7.74% 8.50% -0.76
7 Ankai 6.42% 6.69% -0.27
8 King Long 4.57% 8.02% -3.45
9 Golden Dragon 3.32% 1.63% 1.69
10 Asiastar 1.91% 3.68% -1.77

 

Editor:Isabella

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