In the past year, the cumulative sales of new energy passenger cars in China reached 3.33 million units, an increase of 181% year-on-year, and the market penetration rate increased significantly to 14.8%. In stark contrast, the new energy bus market has experienced a "painful period", with a cumulative sales of 44,953 large and medium-sized new energy buses (including 7 meters and above) throughout the year, down 20.8% year-on-year.
Some industry insiders pointed out that the main reason for the downturn in the industry is the lack of terminal demand, and urban rail transit, private cars, and online car-hailing have robbed some of the bus passengers. On the other hand, the buses in many large cities have basically been electrified, while small and medium-sized cities have insufficient willingness to buy new energy buses due to various reasons such as inconvenient charging and subsidies.
In 2022, the new energy bus industry will usher in a new stage of market-oriented development, and the trend of survival of the fittest will be more obvious. Who will rejoice and who will grieve? There is still time to tell us the answer. Let's take a look at the current competitive landscape.
The top ten enterprises have a market share of 81.13%, and the trend of the industry further concentrating on the head is obvious. The cumulative increase of 3 and the decrease of 7 year-on-year can be described as several joys and several sorrows. The biggest increase was Gree Titanium New Energy, with a year-on-year increase of 25.69%, with cumulative sales of 1854 vehicles.
At the end of August last year, Gree Electric Appliances invested 1.8 billion yuan to acquire Yinlong New Energy, and the high-quality enterprise that Dong Mingzhu had been thinking about for five years was finally included in the pocket. On November 11, it was officially renamed as "Gree Titanium". Although the company has had many problems in the past few years, including founder Wei Yincang's departure from the United States, arrears of payment to many suppliers, the suspension of many industrial parks, and high debts.
But back, it is a rare comprehensive new energy industry group in the industry, the main product lithium titanate battery has the characteristics of fast charging speed, long life, superior low temperature performance, and has advantages in the field of fixed line new energy vehicles and energy storage applications. Therefore, Gree titanium has become an important part of Gree's layout in the field of new energy and energy storage.
The "Three Dragons" (Hagrid Bus, Golden Dragon Bus and Golden Passenger Car), which have attracted much attention in the industry, ranked 5th, 6th and 8th in the list respectively, and their performance was remarkable. In the upcoming Winter Olympics, the "Three Dragons" are involved. Nearly 400 Hager buses are mainly traveler, Haiyue, Scania Hagrid high-end luxury models, including hydrogen fuel, pure electric and other new energy models; 158 Golden Dragon buses will participate in athlete connection, media guest reception, event broadcasting and other services; in addition to two special vehicles, Xiamen Golden Travel has more than 70 transportation support vehicles will serve the Beijing Winter Olympics.
Three companies sold more than 4,000 vehicles. CRRC Electric ranked 4th in the list with 4067 vehicles, which is the first high-tech enterprise in China specializing in the research and development and manufacturing of electric vehicles established by CRRC Group in 2007, and continuously serves large-scale events and conferences at home and abroad such as the Beijing Olympic Games, Shanghai World Expo, Guangzhou Asian Games, Brazil World Cup, and 2019 Shanghai Expo.
Zhongtong Bus ranked third, with sales of 4453 units, an increase of 11.3% year-on-year. This is one of the earliest bus manufacturers and bus listed enterprises in China, and has promoted more than 270,000 buses so far, including more than 70,000 new energy buses, and has traveled to more than 100 countries and regions around the world. It has 7 key professional R&D laboratories such as vehicle performance laboratory, power and transmission laboratory, and power battery laboratory, which can independently carry out the simulation, matching and testing of battery systems, electromechanical coupling drive systems, fuel cell systems and so on.
IN SECOND PLACE, BYD BUS SOLD 4,487 UNITS. This company started with batteries, began to develop pure electric buses in 2008, and then acquired Hunan Midea Sanxiang Bus. After more than ten years of development, large-scale operation has been achieved in Shenzhen, Guangzhou, Beijing, Xi'an, Hangzhou, Changsha and other cities. It is worth mentioning that the cumulative delivery of various types of pure electric buses in the world exceeds 65,000, which is the first Chinese brand to successfully enter Europe, the United States, Japan, South Korea and other developed regions of automobiles.
Yutong is the hegemon of China's bus industry, and its position in the field of new energy is also unshakable. It is the only car company with cumulative sales of more than 10,000 vehicles, reaching 11,420 units; its market share is more than a quarter (25.40%), more than the combined two or three. In this Beijing Winter Olympic Games, Yutong will provide more than 700 buses, including hydrogen fuel buses and T7, to provide travel guarantee for the event.