The "China
Electric Bus Industry Report, 2018-2021" report has been added
to ResearchAndMarkets.com's offering.
Due to rushed installation in 2016, the output of electric buses fell by
22.2% over the previous year in China, to 105,000 units in 2017
Higher threshold of new energy bus subsidy policies greatly affected the
Chinese new energy bus market in the first half of 2017. The market
picked up in the second half of the year because of clearer trend in
policy adjustment. Besides subsidies, there are more policy supports for
new energy vehicle, and the demand from city bus and coach going
electric will continue to expand over the next couple of years. However,
the new energy bus market is still dominated by city bus and logistics
vehicle, and other passenger transport markets remain to be tapped.
The new subsidy policy, introduced in Feb 2018, put forward higher
requirements on EKG compared with the 2017 version. The subsidies for
plug-in electric bus were halved on the basis of the 2017 level.
Output mix: In 2017, battery electric bus output was
88,556 units, down 23.4% year on year and accounting for 84.2% of total
new energy buses; 8-10m and 10m-and-above battery electric bus models
prevailed.
About 76% of city bus sales in 2017 were new energy ones, but its
penetration in bus stock market in tier-three or four cities remains
low. Given that the country lowers subsidies for fuel-powered city-bus
year after year and gives more support for electric city bus and the
positive externality of new energy city-bus towards municipal
administration and environment is distinct, it is expected the trend of
city-bus going electric will continue and the penetration of new energy
buses in existing city buses will be lifted further. Provinces like
Guangdong, Hebei, Henan, Shaanxi and Hainan have rolled out plans to
help implementation of new energy city bus promotion programmes.
Against the backdrop of subsidy transition, new energy bus shined in the
first quarter of 2018, with single-season sales totaling 8,607 units, a
year-on-year upsurge of 320.7%, including 8,198 city buses or 95.2%, up
308.67% over the same period of last year, largely thanks to extension
of the 2017 subsidy policy. Following the end of transitional period,
the subsidies come down but technical requirements grow stricter.
Moreover, new capacity built in the past few years under the stimulation
of policies will go into production. As a result, output and sales of
new energy buses are unlikely to grow remarkably; the industry will be
further reshuffled, with small new energy bus producers utterly relying
on subsidies to be phased out from the market.
Given increments contributed by urbanization to the city bus market,
especially the new energy city bus increments in tier-three or four
cities, as well as higher penetration in intercity coach market
following maturity of new energy technology and cost reduction, the
output and sales of new energy buses are expected to surpass 150,000
units in 2021.
Key Topics Covered:
1 Overview of Electric Bus
2 Industry Chain
3 Major Industrial Policies
4 Chinese Electric Bus Market
5 Chinese Electric Bus Manufacturers
Companies Mentioned
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Zhengzhou Yutong Bus Co., Ltd.
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BYD
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Xiamen King Long Motor Group Co., Ltd.
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Nanjing Golden Dragon Bus Co., Ltd.
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Zhongtong Bus Holding Co., Ltd.
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Beiqi Foton Motor Co., Ltd.
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Shanghai Sunwin Bus Corporation
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Hunan CSR Times Electric Vehicle Co., Ltd.
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Anhui Ankai Automobile Co., Ltd.
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Jinhua Youngman Automobile Manufacturing Co., Ltd.
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Chongqing Hengtong Bus Co., Ltd.
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Shenzhen Wuzhoulong Motors Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/cncbks/china_electric?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180614005524/en/
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