Press release
China Electric Bus Market Expected to Fastest Growth and Demand during the Forecast Period
Explore Full Report Description At: https://www.psmarketresearch.com/market-analysis/china-electric-bus-market
The Chinese electric bus market is segmented on the basis of type, which includes parallel hybrid bus, pure electric bus, series parallel hybrid bus, and series hybrid bus. Pure electric bus is estimated to hold close to 86% share in the Chinese market in 2017.
China has a few million buses/coaches accumulated in the last decade, out of which, around one-third of the buses are more than five years old. These old conventional buses are expected to be replaced by new electric ones during the forecast period. Large fleet of old conventional buses in the country provides considerable opportunity for electric bus sales in the country.
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Zhengzhou Yutong Group Co. Ltd. was the leading player in the Chinese electric bus market in 2016, accounting for more than one-fourth of the total sales, followed by Higer Bus Company Limited and Zhongtong Bus & Holding Co. Ltd., each accounting for more than 10% of the total sales. Other key players in the Chinese electric bus market include Dongfeng Motor Corporation, King Long United Automotive Industry Co. Ltd., Anhui Ankai Automobile Co. Ltd., Liaoning Huanghai Automobile Import & Export Co. Ltd., Yangzhou Yaxing Motor Coach Co. Ltd., and BYD Company Limited.
CHINA ELECTRIC BUS MARKET SEGMENTATION
By Type
• Pure electric bus
• Series hybrid bus
• Series parallel hybrid bus
• Parallel hybrid bus
By Length
• >10m
•
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