In the first five months of this year, the domestic large and medium-sized bus export market maintained double-digit growth as a whole, and the industry showed a leading trend and an overall positive development trend.
The latest data from the China Bus Statistical Information Network shows (excluding companies with incomplete data declarations) that in May this year, China exported 4,187 large and medium-sized buses (buses over 7 meters, the same below), a year-on-year decline of 8.68%, but a month-on-month increase of 12.01%. The year-on-year decline has narrowed by nearly 2 percentage points compared with April, and there has been a double-digit growth month-on-month.
From January to May this year, my country exported 24,004 large and medium-sized buses, a year-on-year increase of 22.23%.
This year, the export growth of the passenger car industry is good, mainly driven by the concentrated landing of large overseas orders. The achievement of results is inseparable from the active efforts of key enterprises in the industry.
Among them, Yutong Bus Co., Ltd. (hereinafter referred to as “Yutong Bus”), my country’s leading bus company, ranked first in the industry with export volume of 4,526 units in the first five months of this year, a year-on-year increase of 20.02%, and performed well.
Yuan Shuai, deputy secretary-general of the Zhongguancun Internet of Things Industry Alliance, said that currently, domestic large and medium-sized bus exports have formed a clear leading and overall upward development pattern.
The leading advantages of leading companies are very prominent.
However, demand in overseas markets does not grow linearly. Policy changes in different regions, adjustments to trade barriers, and periodic fluctuations in the global logistics supply chain may bring uncertainty to the export rhythm.
In recent years, my country’s passenger car exports have continued to grow.
Bus manufacturing companies rely on new energy and intelligent technologies to iteratively upgrade their products, and continue to expand their overseas brand advantages through localized marketing and after-sales layout.
This year, my country’s large and medium-sized buses will go overseas, presenting both opportunities and challenges.
In terms of overseas market opportunities, Luclin, founder and CEO of Lukedao Technology, believes that China’s new energy industry chain is mature, the delivery cycle is short, and the cost-effectiveness advantage is obvious.
The global demand for new energy bus replacement continues to be released, and electrification policies in Europe, Latin America and other places have intensified, and there is a broad space for replacement of existing vehicles. Urbanization and transportation infrastructure in emerging markets are accelerating, bringing new growth.
However, my country’s passenger car exports are facing many challenges this year.
For example, international brands are accelerating to catch up in the field of electrification, and the technological gap is narrowing; geopolitical friction, exchange rate fluctuations, and instability in some regions have increased the uncertainty of external demand; tight capacity on some routes has pushed up logistics costs, etc.
In addition, domestic passenger car companies have gathered together to go overseas, resulting in intensified homogeneous competition, forcing companies to shift from “selling products” to “building an ecosystem” and building a moat with localized operations and service capabilities.
Changjiang Securities research report analysis believes that Yutong Bus, the world’s leading electric bus leader, is going overseas to speed up under the background of the “One Belt, One Road” initiative. The first overseas new energy commercial vehicle factory has landed in Qatar, adopting the KD factory model. The factory is designed to have an initial annual output of 300 vehicles and can be expanded to 1,000 vehicles.
Yuan Shuai said that in the future, as more companies expand their presence in overseas markets and the demonstration effects of leading companies continue to be released, the scale and quality of exports in the industry will further improve.
