Business & Finance
China’s Yutong Bus expands overseas as new-energy bus exports surge
Key Points
China’s Yutong Bus, the world’s largest electric bus manufacturer, is seeing its overseas shipments climb steadily, with demand growing rapidly in countries such as Australia, Malaysia, Saudi Arabia and Morocco. Based in Zhengzhou in central China’s Henan province, the company now generates more than half of its total revenue from overseas sales. New-energy models – comprising pure-electric and hybrid vehicles – have made up 25 per cent of its bus exports so far this year, a sharp increase...
China’s Yutong Bus, the world’s largest electric bus manufacturer, is seeing its overseas shipments climb steadily, with demand growing rapidly in countries such as Australia, Malaysia, Saudi Arabia and Morocco.
Based in Zhengzhou in central China’s Henan province, the company now generates more than half of its total revenue from overseas sales. New-energy models – comprising pure-electric and hybrid vehicles – have made up 25 per cent of its bus exports so far this year, a sharp increase from...