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Since 2013, the market share of Yutong plug-in hybrid power bus has been on the rise, jumping from about 40% in early that year to 60% in Sept.
Enjoying great popularity in the current market, its E7 electric buses are expected to become another fist product of the company. With a continuous driving capacity of 120, 150, 200 and 250 km, the eco-friendly bus can be used for guest reception, group travel, commercial use and public transportation. According to the bus maker, it will soon launch the eight-meter and ten-meter bus model. Costing 30 RMB in power consumption per one hundred km, the green bus is priced much lower than traditional vehicle after deducting all subsidies it enjoys. Given above, it is expected that E7 can reach a sales volume of over 1,000 units in 2014.
According to sources, new energy buses are becoming increasingly popular in the market. It is forecasted that the sales volume of the green bus will reach 10,000 units in 2014, 13,000 in 2015 and 18,000 units in 2016. Currently, ten provinces and municipalities, including Beijing, Shanghai, Jiangsu and Anhui offer an equal amount of subsidies as central government to new energy buses. Other areas will soon follow suit. All those above promise the coming of peak season of the sales of new energy buses.
Thanks to its fast progress in new energy technologies and swift expansion in this new area, Yutong Bus has made impressive achievements in new energy bus sector. Its plug-in hybrid power buses take the lead in the market, holding 60% market share, far ahead of its rivals. Meanwhile, Yutong is the first bus maker which has developed price-competitive electric buses less than 10 meters in length. Currently, Yutong firmly believes that the new energy bus is the new market trend and it is determined to maintain its leading position in the new energy bus industry.