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Since China’s president Xi Jinping initiated One-Belt One-Road Strategy in 2013, China’s economy has been well positioned to embrace new development opportunities. By reviving the ancient Silk Road and actively developing the economies along the route, the strategy is expected to usher a new era of development by integrating regional economies, internationalizing Chinese currency, boosting regional energy cooperation, deepening trade and investment, and upgrading traffic infrastructure.
The 60,000th Yutong Bus Rolled off Line in 2014
China’s bus industry has been growing robustly in the overseas market. Despite the global financial crisis in 2008 and its various impacts on the auto industry, China’s bus makers still managed to maintain a fast growing pace abroad. Yutong, in particular, has been ranking the top place in the world, boasting the largest sales volume among its counterparts across the globe. Step by step, China’s bus industry is narrowing the gap with the world’s leading bus makers. Now, Chinese bus makers are undoubtedly a formidable force in many countries and regions across the world.
Yutong Buses Exported to Africa
Guided by China’s One-Belt One-Road strategy, China is now well positioned to further integrate into the global economy. Well aware of the new business opportunities, China’s bus makers must now take various active measures to further integrate in the world economy.
Yutong has created an overseas expansion miracle for the past decade by introducing “Cuba Mode”, which puts top priority on comprehensive building of its overseas market. Since its first batch of export to Cuba in 2005, Yutong’s bus fleet in the nation has gradually grown to 4,500 units nowadays, accounting for over 90% of Cuba’s bus imports. Thanks to Yutong’s comprehensive after-sale services and timely technical supports, the brand has quickly strengthened its presence in the local market. Now, Yutong brand is well recognized in Cuba. More encouragingly, the entry and expansion of Yutong in Cuban market has provided precious experience for China’s bus makers.
Yutong Buses Delivered to Israel
Nowadays, China is the world’s largest bus manufacturing base. Still, Chinese bus makers are sparing no efforts to innovate and upgrade their technologies in an effort to transform the industry from “Made in China” to “Innovated in China”.
Currently, the ABS, ASR, ECP, CAN, monocoque body structure technologies are widely used across the industry. What’s more, the new energy vehicles, internet connections on vehicles and industrial 4.0 manufacturing concept are becoming increasingly popular. Furthermore, China’s bus makers have been constantly introducing and digesting state-of-art technologies from abroad.
In terms of scale, the four leading bus makers in China, namely Yutong, King Long, Golden Dragon and Higer are determined to further strengthen their presence in the market and integrate their resources. So far, the four big players have made tangible contributions to China’s bus industry for its expansion in the overseas market.
On the basis of a mature and well developed land and marine traffic system, the deepening of economic ties among the countries and regions along the new silk roads both on land and seas is inevitable. Blessed by the One-Belt One Road strategy, the expansion of China’s bus industry in the overseas market is now the “New Normal”, which is well anticipated by all parties involved.