According to the latest data from the China Bus Statistics Network, the cumulative sales of domestic buses over 7 meters (large and medium-sized) last year were 87,525 units, down 11.32% year-on-year. Some industry insiders pointed out that due to the fact that the tourism market has not fully recovered, the overall market demand has declined due to the overall intensification of superimposed competition and other unfavorable factors.
In the top fifteen, it can be said that there are several joys and some sorrows. Only four companies achieved year-on-year growth, namely Haige Bus (Suzhou Golden Dragon), Golden Passenger Car, Gree Titanium New Energy (formerly known as Yinlong New Energy), and Dongfeng Xianglu. Among them, Dongfeng Xianglu increased the most year-on-year, reaching 93.71%.
Overall, the industry continued the trend of concentration to the head, and the top five reproduced the pattern of "two links and three dragons", with a total market share of 68.97%. In fifth place is the "Little Golden Dragon" golden passenger car, with a cumulative sales of 5470 buses over 7 meters, an increase of 19.98% year-on-year. Founded in the 1990s and headquartered in Huli District, Xiamen City, the company has three production bases in Xiamen Huli, Haicang and Zhangzhou Longchi, covering passenger transport, group, tourism, bus, school bus and special vehicle.
The "Great Golden Dragon" Golden Dragon Bus, which also belongs to the Golden Dragon Automobile Group, ranked fourth, with a cumulative sales volume of 6418 vehicles, with a market share of 7.33%. Up to now, its cumulative production of buses has exceeded 500,000; as the first bus enterprise to export to Europe, overseas sales have exceeded 120,000, and the market has spread to more than 140 countries and regions, ranking first in the industry. In addition, Golden Dragon has served many major events at home and abroad, including the Beijing Olympic Games, Shanghai World Expo, London Olympic Games, Russia World Cup, etc., enjoying high brand awareness and reputation.
The third place is Zhongtong Bus, which belongs to Shandong Heavy Industry Group, with sales of 7048 units and a market share of 8.05%. This is one of the earliest bus manufacturers and bus listed enterprises in China, after more than half a century of development, it has more than 260 varieties of 16 major product series, covering 6-18 meters of road buses, buses, tourism, high-end business and other market segments. At the end of last year, 811 new N series pure electric buses were successfully delivered to Harbin Transportation Group, which was also the largest batch of pure electric bus orders in China that year.
Haige Bus (Suzhou Golden Dragon) jumped to second place with sales of 7964 units, an increase of 36.09% year-on-year, and a market share of 9.10%. In the more than 20 years since its establishment, Hagrid has created a number of "industry firsts": the first single-model bus with annual sales exceeded 5,000 units, the first to launch hydrogen-fueled city buses, and the first in China to achieve L4 driverless bus formations. In terms of technology, it has also been repeatedly innovated, taking the lead in applying the disc brake technology of the car to the passenger car, the first to match the high-horsepower fuel-saving engine on the bus, equipped with xenon headlights... In October last year, they also won the third prize of the China Automotive Industry Science and Technology Progress Award for "R&D and Industrialization of High-performance Wire-controlled Chassis and Assisted Driving Technology for Buses".
Yutong is a well-deserved industry "leader", last year's cumulative sales of more than 7 meters of buses 33467, more than the second place 25503 more, equivalent to 2-6 combined; market share of 38.24%, the leading position is unshakable. Specific to the three main market segments of buses, seat buses and school buses, Yutong buses are "riding on the dust".
According to the "2021 China 500 Most Valuable Brands" released by the World Brand Lab, Yutong continued to rank first in the industry, with a brand value of 60.587 billion yuan, an increase of nearly 8 billion yuan year-on-year. According to the performance forecast, the company's net profit last year is expected to increase by 10% to 30% year-on-year, and it still achieves performance growth under the pressure of the industry environment.