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With the China economy enters the new normal, changes are not only the policy guidance and industry layout, but also in a lot of related segments, such as new energy automotive field, experienced after a higher growth rate (a compound annual growth rate reached 71% )in 2009 and 2013, in 2014, through a number of promotion policies including the bus purchase, the exemption of purchase tax, free to license plate etc. sales of Foton new energy vehicles reaches more than 70000 units, a year-on-year growth of more than three times.
In 2014, Foton AUV new energy bus orders are up to 1976 vehicles, delivered 1422 units, a year-on-year growth of 467%, achieving sales volume of up to 1.308 billion yuan, that the profit rate is 3.90%. Market of new energy bus mainly covers Beijing, Tianjin, Hebei, Shandong, Guangdong, Guizhou, Hunan etc..
Based on the analysis on the subsidy policies, in 2015, legend Foton AUV new energy bus in 2014 will will continue in the new year that sales target in 2015 is 3500 units, with expected sales volume of 2.716 yuan, a year-on-year growth of respectively 146% and1.08%.
At the beginning of 2015, Foton and Beijing Bus Group signed green public bus order of 1909 units, and orders of in total 258 units with Guangzhou Jiafu Automobile Co. Ltd, Xuzhou City Public Transportation Co. Ltd and Changsha Baojun Bus Company Limited signed a total of 258 European Huixin energy bus sales contract, ushered in the new year off to a good start.