March 3 — Electric bus manufacturer Yutong Bus has delivered China’s largest commercial vehicle order along the Belt and Road Initiative to Uzbekistan.
Yutong delivered 800 buses — 300 electric and 500 compressed natural gas ones — to Uzbekistan yesterday, the Zhengzhou-based firm announced.
This was also the largest new energy bus order a Chinese company has received this year, Yutong added.
Yutong will accelerate the layout of new energy buses overseas, Peng Xu, head of the firm’s overseas marketing department, told Yicai Global. “There are other bus makers overseas, but they don’t have the same new energy technology advantages of Chinese companies, so we need to seize the opportunity.”
Yutong, which recently received a 550 electric bus order from Saudi Arabia, will develop a detailed overseas market expansion plan for the next five years, Peng noted.
China’s urban and long-distance bus market is facing great pressure because of the weakening of demand due to the prevalence of high-speed railways and private cars transportation. Domestic sales of six-meter or above buses halved to 100,000 units between 2012 and 2022, according to information on 360buses.cn.
Yutong is not the only Chinese company to eye overseas markets. BYD received an order for 64 electric buses from Norway in November to bring the total of its e-buses delivered to Sweden, Norway, and Finland to over 300. Ankai Automobile said last August that its products had been exported to over 100 countries in continents including Europe and the Americas.