What’s happening: Yutong Bus, a global manufacturer of electric buses, has emerged as the top-selling electric bus brand in Europe, with 479 buses sold in 2022, according to a ranking compiled by Chatrou CME Solutions Europe. The company’s European sales jumped 58% year-on-year, and its market share rose from 9.2% in 2021 to 11.5% in 2022.
Why it matters: The rise in sales of zero-emissions buses in European cities is a significant trend, and Yutong Bus is a major player in the ultra-competitive Chinese electric bus industry. The company’s success is fueled by its transformation from a bus manufacturer to a green mobility solution provider. Additionally, the push for zero-emissions public transportation in Europe makes Yutong’s “product + service” model an obvious choice for procurement.
Key Points:
- Yutong Bus is the leading electric bus brand in Europe with 479 buses sold in 2022.
- The company’s European sales jumped 58% year-on-year, and its market share rose from 9.2% in 2021 to 11.5% in 2022.
- The rise in sales of zero-emissions buses in European cities is a significant trend.
- Yutong Bus is a major player in the ultra-competitive Chinese electric bus industry.
- The push for zero-emissions public transportation in Europe makes Yutong’s “product + service” model an obvious choice for procurement.
Bottom Line: Yutong Bus has emerged as the leading electric bus brand in Europe, with the company’s strong sales cementing its position as a major player in the ultra-competitive Chinese electric bus industry. The company’s success is fueled by its transformation from a bus manufacturer to a green mobility solution provider. With the trend of zero-emissions public transportation growing in Europe, Yutong’s “product + service” model is a natural choice for procurement.
