Summarize：According to the latest statistics, China sold a total number of 2,814 medium- and large-sized new energy buses (≥6 meters in length), down by 28.03% month on month, down by 56.2% year on year. The decline of the sales of new energy buses in October 2023 is mainly attributed to the high sales base in September and the week-long national-day holiday in earlier October. For the top ten players in the market, please refer to Table 1 below.
Table 1 Top 10 Players in New Energy Bus Market in October
| Brand |
Sales |
Y/Y Growth |
M/M Growth |
Market Share |
| BYD |
701 |
164.53% |
45.44% |
24.91% |
| Higer |
375 |
2.18% |
12.59% |
13.33% |
| Zhongtong |
288 |
-53.47% |
24.14% |
10.23% |
| Yutong |
285 |
-76.13% |
-58.7% |
10.13% |
| Foton AUV |
255 |
-64.48% |
37.10% |
9.06% |
| Sunwin |
200 |
-20.32% |
-38.08% |
7.11% |
| King Long |
181 |
-59.14% |
5.23% |
6.43% |
| Ankai |
123 |
167.39% |
-26.79% |
4.37% |
| CRRC Electric |
117 |
-85.61% |
11.43% |
4.16% |
| Golden Dragon |
88 |
-73.49% |
-74.27% |
3.13% |
From January to October, China sold 28,218 units medium- and large-sized new energy buses, down by 27.71%. In contrast, the total sales volume of medium- and large-sized buses in the first ten months reached 72,077 units, up by 13.16% year on year. For the detailed information of the top ten players in the market, please refer to Table 2 below.
Table 2 Top 10 Players in the New Energy Bus Market from Jan. to Oct.
| Brand |
Sales |
Y/Y Growth |
Market Share |
| Yutong |
4,608 |
-36.12% |
16.33% |
| BYD |
3,509 |
-16.95% |
12.44% |
| Foton AUV |
2,736 |
-14.07% |
9.70% |
| Golden Dragon |
2,682 |
0.86% |
9.50% |
| King Long |
2,212 |
-6.43% |
7.84 |
| Higer |
2,122 |
-22.10% |
7.52% |
| CRRC Electric |
1,741 |
-40.60% |
6.17% |
| Geely Commercial Vehicle |
1,573 |
208.43% |
5.57% |
| Zhongtong |
1,410 |
-54.13% |
5.00% |
| Sunwin |
1,267 |
-7.72% |
4.49% |
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