China Buses Export in August, Golden Dragon Ranks Third

In August 2024, the total export volume of China buses (over 3.5 meters) reached 5,449 units, representing a year-on-year increase of 57.62% and a month-on-month increase of 38.58%, indicating a favorable development trend. In August, there was a change in the top exporter, with Golden Dragon leaping to third place and BYD experiencing a nearly fourfold year-on-year growth.

FAW Jiefang surprisingly emerged as the monthly export champion in August with sales of 1,000 units, becoming the only enterprise to reach this sales figure in a single month. Its sales surged by 861.54% month-on-month, accounting for 18.35% of the market share. Its exported products were all light buses, which was the main reason for its top ranking in the monthly exports.

Golden Dragon Bus secured third place with 804 units exported, marking a year-on-year increase of 68.20% and a month-on-month increase of 74.40%, and capturing 14.76% of the market share, an increase of over 3 percentage points compared to July.

Higer Bus exported 649 units, jumping to fourth place with a year-on-year growth of 68.57% and a month-on-month growth of 63.48%, accounting for 11.91% of the market share, nearly 2 percentage points higher than in July.

Zhongtong Bus exported 505 units, ranking fifth with a year-on-year increase of 44.29% and a market share of 9.27%.

From January to August 2024, the total export volume of China buses reached 36,932 units, representing a year-on-year increase of 38.47%. The growth rate expanded by nearly 3 percentage points compared to the first seven months, maintaining a robust trend.

Zhongtong Bus maintained its third position with 4,583 units exported, marking a year-on-year increase of 73.99% and a market share of 12.41%.

Golden Dragon Bus exported 4,124 units, continuing to rank fourth with a market share of 11.17%, nearly 1 percentage point higher than in the first seven months.

Higer Bus exported 3,680 units, remaining in fifth place with a year-on-year increase of 13.44% and a market share of 9.96%.

Among the top ten exporters, nine achieved year-on-year growth. Foton AUV still had the highest growth rate of 196.19%, while other companies with doubled year-on-year growth included FAW Jiefang (165.36%), JMC Jingma (142.6%), and AsiaStar Bus (124.88%).