Yutong's New Energy Bus Business Enters a New Stage of Development

Yutong's New Energy Bus Business Enters a New Stage of Development


Yutong Bus Company has always maintained a leading edge in the field of new energy buses. From January to May 2014, the company sold more than 2,000 new energy buses, which accounted for over 40% of the market. It is estimated that the sales of new energy buses will be completed by about 2,500 units in the first half of this year and the annual sales target will be 10,000 units. In the second half of the year, the local subsidy policy will become clear and support for new energy buses will gradually be developed. The company's new energy bus sales will also be significantly better than the first half of the year.

The pure-electric passenger car E7, which will be delivered in August, will become a new highlight of the company's new energy bus business in the second half of the year. E7 uses pure electric drive, the total number of parts and components has been reduced by 57%, and the unloaded weight is only 3.8 tons (the average no-load weight of similar products on the market is about 6.5 tons), and the charging threshold has been reduced to the civil level with an operating cost of 0.3 yuan per kilometer. According to the current subsidy policy, E7 can enjoy a subsidy of 300,000 yuan per vehicle from the central government. If the local government implements a 1:1 subsidy, the actual car purchase cost of the customer will be much lower than the cost of purchasing the same type of conventional electric car.

The size and use of the E7 is similar to that of Toyota's Kosda. It is a Costed model. Domestic Coster models sold a total of 13,000 vehicles in 2013, of which Toyota Costa sold more than 4,800 vehicles, which accounted for 38.6% of the market. Other companies such as Xiamen Golden Brigade, JMC, and Ankai also took up more market share. Yutong E7 considers government subsidy, its actual purchase cost and use cost will be much lower than similar Coster models, and will be a strong competitor in the future Coster model market. It is estimated that E7 will achieve sales of 2,000 vehicles in the second half of the year.

The company adheres to the "general hybrid-plug-in hybrid-pure-fuel cell" new energy automotive technology route, and adopts a gradual mode of technological planning, development, storage, and application. At present, the company's plug-in hybrid technology is relatively mature, and pure electric technology is already in the promotion stage. The price of the company's next-generation hybrid models will fall to the level of automatic transmissions. It is expected that in 2015, the company’s new energy products will continue to be marketed without government subsidies. The company's technology accumulation in new energy business and the gradual maturity of the corresponding market will enable the company to maintain its leading position in the global bus industry.


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