China’s Yutong Bus, the world’s largest electric bus manufacturer, is seeing its overseas shipments climb steadily, with demand growing rapidly in countries such as Australia, Malaysia, Saudi Arabia and Morocco.
Based in Zhengzhou in central China’s Henan province, the company now generates more than half of its total revenue from overseas sales. New-energy models – comprising pure-electric and hybrid vehicles – have made up 25 per cent of its bus exports so far this year, a sharp increase from just 3 per cent in 2018.
Yutong holds more than 10 per cent of the global market, including China, for large and medium-sized buses and coaches, according to the company. Its competitors include domestic peers BYD, Zhongtong Bus and Xiamen King Long United Automotive Industry, as well as overseas companies like Mercedes-Benz and Volvo.