Yutong Bus to Explore City Bus Markets
2011-01-14 Source：www.chinabuses.org
www.chinabuses.org: Recently Yutong Bus declared their investment of 2.4 billion Yuan to energy-saving and new energy buses plan. And the main new energy products are city buses, and only 23% of Yutong buses are city buses, and many industrial insiders predicts that the investment can enlarge Yutong shares of city buses.
The Annual output for energy-saving and new energy buses will be 6,000 units and 4,000 units. Till now, Yutong has developed twelve hybrid buses and four pure electric buses.
Central government released many new energy vehicle subsidy policies, and new energy buses have been extended to over twenty cities. Market capacity for new energy buses were about 3,000 units last year, and sales this year will surpass 10,000 units.
Guoxin Securities analyzed that Yutong can make use of their advantages on funds and technologies etc. to lead development of new energy buses.
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