China's new energy bus exports increased by 28% in 2024, with 15,444 units sold, primarily driven by electrified drivetrains. A quarter of all exported buses fall under the 'New Energy' category. Although the growth rate of new energy bus exports lagged behind overall bus exports, it has stabilized at 25%. Leading manufacturers include BYD with 3,582 units, Yutong with 2,700, and Higer with 1,907. Notably, some companies achieved remarkable growth rates, signaling a positive outlook for future developments in the electric bus market.
In 2024, China's new energy bus exports grew by 28%, with 15,444 units exported, indicating a strong demand for electrified transportation solutions.
BYD maintained its leadership position in the NEB market, exporting 3,582 units, the only manufacturer surpassing the 3,000-unit mark.
Yutong experienced remarkable growth of 84%, exporting 2,700 electric buses, boosting its market share to 17.5% amidst global demand.
Seven of the top ten companies in new energy bus exports saw year-on-year growth in 2024, with Dongfeng Special Automobile showcasing a staggering 525% increase.
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