Summarize:According to the latest statistics, China sold 13,888 units new energy buses & coaches (length ≥ six-meter) in December, up by 17.2% year on year and up by 62.62% month on month. For the detailed information of the top ten players in the new energy bus market, please refer to Table 1 below.
Table 1 New Energy Bus Sales of Top Ten Players in December
|
Brand |
Sales |
Y/Y Growth (%) |
M/M Growth (%) |
Market Share (%) |
1 |
Yutong |
2,609 |
-25.96 |
54.11 |
18.79 |
2 |
Skywell |
1,607 |
246.34 |
329.68 |
11.57 |
3 |
Higer |
1,445 |
69.40 |
27.09 |
10.40 |
4 |
Zhongtong |
1,188 |
-25.33 |
54.29 |
8.55 |
5 |
Golden Dragon |
1,150 |
23.13 |
125.05 |
8.28 |
6 |
CRRC Electric |
1,022 |
20.80 |
81.53 |
7.36 |
7 |
King Long |
852 |
44.16 |
100.47 |
6.13 |
8 |
Foton AUV |
574 |
280.13 |
22.65 |
4.13 |
9 |
Geely |
563 |
59.04 |
-32.49 |
4.05 |
10 |
Gree Altairnano |
537 |
974.00 |
net increase |
3.87 |
In 2022, China’s sales volume of new energy buses & coaches reached 61,539 units, up by 21.9% year on year. For the detailed information of the top ten players in the new energy bus market in 2022, please refer to Table 2 below.
Table 2 New Energy Bus Sales of Top 10 Players in China in 2022
|
Brand |
Sales in 2022 |
Sales in 2021 |
Y/Y Growth (%) |
1 |
Yutong |
11,515 |
11,813 |
-2.52 |
2 |
Higer |
5,306 |
3,380 |
56.98 |
3 |
Zhongtong |
5,032 |
5,794 |
-13.15 |
4 |
BYD |
4,870 |
5,772 |
-15.63 |
5 |
CRRC Electric |
4,516 |
4,216 |
7.12 |
6 |
Golden Dragon |
4,320 |
2,099 |
105.81 |
7 |
Foton AUV |
4,226 |
1,391 |
203.81 |
8 |
King Long |
3,641 |
2,835 |
28.43 |
9 |
Skywell |
3,365 |
1,876 |
79.37 |
10 |
Sunwin |
2,009 |
812 |
147.41 |
Also in 2022, Yutong’s sales of new energy buses & coaches accounted for 18.87% of China’s new energy bus market, ranking far above other players. Foton AUV also witnessed some increase in its market share in the new energy bus market. For the detailed information, please refer to Table 3 below.
Table 3 Changes in Market Share of Top Ten Players
|
Brand |
Market Share in 2022 (%) |
Market Share in 2021 (%) |
Up/Down (%) |
1 |
Yutong |
18.71 |
23.40 |
-4.69 |
2 |
Higer |
8.62 |
7.00 |
1.62 |
3 |
Zhongtong |
8.18 |
11.47 |
-3.29 |
4 |
BYD |
7.91 |
11.43 |
-3.52 |
5 |
CRRC Electric |
7.34 |
8.35 |
-1.01 |
6 |
Golden Dragon |
7.02 |
4.16 |
2.86 |
7 |
Foton AUV |
6.87 |
2.76 |
4.11 |
8 |
King Long |
5.92 |
5.61 |
0.31 |
9 |
Skywell |
5.47 |
3.72 |
1.75 |
10 |
Sunwin |
3.26 |
1.61 |
1.65 |