Falling battery prices and increasing operational efficiencies expected to benefit the Chinese electric bus market
Get Sample Research Report At: https://www.psmarketresearch.com/market-analysis/china-electric-bus-market/report-sample
On the basis of battery, the Chinese electric bus market is segmented into lithium-iron-phosphate (LFP) and Lithium Nickel Manganese Cobalt Oxide (NMC) batteries. Among these, the LFP category accounted for more than three-fourth of the total electric bus sales in the country in 2017. However, the NMC battery category is expected to witness a faster growth during the forecast period, with the inclusion of NMC batteries in subsidy schemes (from January 2017) coupled with better characteristics such as lower self-charge and higher energy density of it when compared to LFP.
As battery accounts for significant share of electric bus manufacturing cost, declining Li-ion battery prices would help bus companies to keep prices under check. Moreover, increasing battery production capacity would further lower battery prices in China during the forecast period. Similar to the case of internal combustion engine, whose costs fell with decades of experience, the electric vehicle’s cost too, would continue to fall during the forecast period, with industry experience, operational efficiencies, and economies of scale; thus, driving the Chinese electric bus market during the forecast period.
The Chinese electric bus market is highly dependent on the government, which accounted for more than 65% sales in 2017. Buses in the government sector are used for public transport, transit services, military, and other purposes. Most of the decisions of purchasing electric buses are made at the central or state government level, by politicians and other government employees. The reduction in electric vehicle subsidy would have a limited impact on the sales of electric buses as the government sector is less cost sensitive compared to the private sector. Moreover, the Chinese government has a strong commitment to increase the share of electric buses in the transportation system of the country.
Explore Research Report At: https://www.psmarketresearch.com/market-analysis/china-electric-bus-market
Furthermore, the penetration of electric buses would be much faster than other electric vehicles such as cars, as persuading hundreds of bus fleet operators to choose new technology is a much simpler task for the government, than to convince millions of car buyers to do the same. It is expected that majority of conventional buses plying in China would be replaced by electric ones in the long run, thereby driving the Chinese electric bus market during the forecast period.
Send an enquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=china-electric-bus-market
Similar to the conventional bus market, domestic players account for most of the sales in the Chinese electric bus market. Important players in the market include Zhengzhou Yutong Group Co. Ltd., Higer Bus Company Limited, BYD Company Limited, Zhongtong Bus & Holding Co. Ltd., Dongfeng Motor Corporation, King Long United Automotive Industry Co., Ltd, and Anhui Ankai Automobile Co. Ltd.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Falling battery prices and increasing operational efficiencies expected to benefit the Chinese electric bus market here
News-ID: 1114533 • Views: 1456
More Releases from P&S Market Research - Automotive and Transportation
Global Automotive Battery Management System Market - Size, Share, Development, G …
The global automotive battery management system market is forecasted to witness significant growth in the coming years, owing to increasing demand for hybrid electric and battery electric vehicles. The increase in the demand for these vehicles is a result of the implementation of stringent government regulations with respect to environment degradation and government incentives in the form of subsidies, grants, and tax rebates to encourage the use of eco-friendly modes
Explore Global Reefer Container Market Size, Share, Development, Growth and Dema …
The increasing containerization is anticipated to fuel the reefer container market growth in the future. The adoption of containers for transportation, as compared to the conventional methods of packing goods directly onto ships, is another factor expected to fuel the growth of the global reefer containers market during the forecast period. Get Sample Research Report At: https://www.psmarketresearch.com/market-analysis/reefer-container-market/report-sample Reefer containers are temperature controlled specialized containers, which are used in the transportation of
Explore Industry Insights in Global Car Rental Market Development and Demand For …
Car rental companies offer vehicles or automobiles on rent for a certain duration that can range from hours to months for a suitable fee. There are various types of cars available on rent, including economy cars, executive cars, luxury cars, SUV’s and MUV’s. These cars are rented for different purposes, including airport transport, local usage, outstation, event transportation, self drive, and employee transportation. Get Sample Research Report At: https://www.psmarketresearch.com/market-analysis/car-rental-market/report-sample The car rental
Global Car Sharing Market by Business Model, by Application, by Vehicle Type, by …
The global car sharing market is expected to witness significant growth in the coming years due to high cost of personal vehicle ownership, rising traffic congestion in cities, and increasing number of smartphones and other mobile devices, that provide platform for accessing car sharing services. Get Sample Research Report At: https://www.psmarketresearch.com/market-analysis/car-sharing-market/report-sample On the basis of business model, the car sharing market is segmented into one-way and round-trip. The one-way category is expected
More Releases for Chinese
Chinese Influence on Global Infrastructure
"The Latest Research Report Chinese Influence on Global Infrastructure provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" About Chinese Influence Market This report outlines and analyzes all infrastructure projects around the world in which Chinese companies including owners, financers, and contractors are involved. Summary Throughout the 21st century, China has been a world leader in expanding its infrastructure base, creating the worlds largest high-speed rail
Chinese Investors Look Abroad
Beijing, China July 30, 2012 – An Outbound Investment Seminar hosted by Chance & Bridge Partners drew a large audience of investors, Chinese SMEs, and international partner law firms. Many Chinese investors and companies are looking to diversify their holdings and enter new markets. This has led to an increase in cross-border investment, banking, consulting, and legal services for the Chinese clients. Many of these areas were addressed during the
Host1Plus enters Chinese market
London, United Kingdom, January 14, 2011 - Host1Plus, a London based international hosting company has started its operations in Chinese market. The services will be managed from Singapore. Host1Plus has contracted with one of the best data centers in Singapore. This deal allows Host1Plus providing the locally bases services in main language of China. The Chinese support will operate 24/7. The Chinese version of the website is http://cn.host1plus.com in Chinese Simplified
MWM ‒ Chinese Web Site Online
Mannheim, April 26, 2010 In mid-April, a new Web site of MWM GmbH in Chinese went live. However, the new domain with the Internet address mwm.cn is not merely a Chinese translation of the corporate Web site mwm.net. In addition to general information about the Mannheim-based company, the site also features special content elements for the Chinese market. The site contents are also available in English. MWM, a tradition-rich company established
About Chinese Calligraphy
Derived from the Greek words for "beauty" and "writing", calligraphy is a very old art. Usually the necessary tools for writing calligraphy are paper, quill and ink. Chinese Calligraphy is based on Chinese characters that are handwritten on paper as well as bones and plates of clay or stone using a brush or a knife (seal carving). In the broader sense calligraphy is a play of brush strokes both, in the
Questrade launches Chinese outreach initiative
Toronto, ON (October 8th, 2008) – Questrade Inc. today announced a new initiative for the Chinese-speaking community. This includes: the Questrade corporate website in traditional and simplified Chinese. The site includes pricing and rates, trading platforms, investment products and services, security and privacy, and contact information. Also available is Questrade’s live help tool, which allows clients to chat instantly online with client services representatives in simplified and traditional Chinese. Edward