CHINESE ELECTRIC BUS MARKET SLIGHTLY DROPPED
Nearly 90,000 electric buses were sold in China In 2017; which means 23 percent less than in the previous year.
Reason is that China needs to deal with recent subsidy changes. As the overall market shrank by 23%, BYD and Yutong increased sales and share.
The 89,546 sales reported for 2017 is less than one year ago, because the Chinese government decreased subsidies. Surprising is that BYD is far from being the biggest New Energy Bus manufacturer as Yutong sold 24,857.
BYD was second with “just” 12,777, followed by Zhongtong – 8,167. The rest of the manufacturers sold 43,745. These numbers from China must be depressing for the European and North American manufacturers, which at best are in the hundreds per year.