The Chinese bus market witnessed a 2.69% decline in output and a 1.90% drop in sales volume in 2015. The market is expected to keep falling during 2016-2018, followed by a modest uptick in 2019-2020.
China produced 112,296 electric buses in 2015, a year-on-year surge of 315%. Between January and May 2016, 30,058 units were produced, which is a year-on-year increase of 81.18%. The overall growth has slowed compared with 2015 mainly because the introduction of the New Deal has greatly stimulated the market, giving rise to market consumption in advance before subsidy cuts.
The report says electric public transportation bus and tour bus will still be impetus for large bus growth in the future. China has ended subsidies for ordinary hybrid electric buses since 2015, thus, most of the bus manufacturers have turned to production of plug-in hybrid electric buses. Medium bus growth is relatively weak and small bus is experiencing double-digit decreases in 2016 due to varying degrees of decline in subsidies for many models. It predicts growing demand from urban traffic and increasing density of battery energy, small bus and small electric bus will be the main driver of future growth.
- Anhui Ankai Automobile Co., Ltd.
- BYD Company Limited
- BeiqiFoton Motor Co., Ltd.
- Chongqing Hengtong Bus Co., Ltd.
- Hunan CRRC Times Electric Vehicle Co.,Ltd.
- Nanjing Golden Dragon Bus Co., Ltd
- Shanghai Sunwin Bus Corporation
- Wuzhoulong MotorsCo., Ltd.
- Xiamen King Long Motor Group Co., Ltd.
- Young Man Bus Co., Ltd.
- Zhengzhou Yutong Bus Co., Ltd.
Zhongtong Bus Holding Co., Ltd.
Key Topics Covered:
1 Overview of Electric Bus
2 Industry Chain
3 Industry Policies
4 Chinese Electric Bus Market
5 Chinese Electric Bus Manufacturers
For more information about this report visit http://www.researchandmarkets.com/research/q8vsgq/china_electric