Summarize：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% |
