According to the latest data from the China Bus Statistical Information Network, which focuses on 23 companies involved in the production and sales of new energy buses over 6 meters (excluding companies whose data has not been reported), a total of 2,846 new energy buses over 6 meters were sold in May 2024, a year-on-year increase of 5.27% and a month-on-month decrease of 14.76%. In May, Yutong's new energy bus sales volume was 752 units, ranking first in the industry, with a year-on-year increase of 258.10% and a market share of 26.42%.

May: Yutong won the championship, only three companies had 'double growth'

In May 2024, the sales volume of Yutong new energy buses was 752, ranking first in the industry, with a year-on-year increase of 258.10%, and a market share of 26.42%.

Jinlv bus jumped from fourth to second place, selling 700 new energy buses, a year-on-year increase of 125.81% and a month-on-month increase of 154.55%, with a market share of 24.60%.

Suzhou Golden Dragon (Haige Bus) sold 345 new energy buses, a year-on-year increase of 159.40%, with a market share of 12.12%.

BYD ranked fourth with 239 new energy bus sales, with a market share of 8.40%.

Xiamen King Long ranked fifth, selling 174 new energy buses, with a slight year-on-year increase of 0.58% and a month-on-month increase of 26.09%, with a market share of 6.11%.

Among the top ten companies, seven companies, including Yutong Bus, Jinlv Bus, and Zhongtong Bus, achieved year-on-year growth. Among them, Geli Commercial Vehicle had the highest year-on-year growth rate, reaching 6,000%, mainly due to its low base number.

Only Jinlv Bus, Zhongtong Bus, and Xiamen King Long achieved month-on-month growth among the companies that achieved growth. Among them, Jinlv Bus had the highest month-on-month growth rate, reaching 154.55%.

Only Jinlv Bus, Zhongtong Bus, and Xiamen King Long achieved year-on-year and month-on-month double growth in the ranking list, adding confidence to the development of the new energy bus industry.

In the first five months of 2024, Yutong and BYD are in the lead, and six companies achieved year-on-year growth.

From January to May 2024, the industry sold a total of 12,829 new energy buses over 6 meters, a year-on-year increase of 12.24%, slightly higher than the year-on-year increase of 12.06% in the previous four months, which further verified that the new energy bus industry is undergoing a gradual recovery process.

Specifically, Yutong Bus, with a cumulative sales volume of 3,063 new energy buses, firmly occupies the top spot in the industry with a high year-on-year growth rate of 108.23% and a market share of 23.88%. This excellent performance once again confirms Yutong Bus's outstanding strength and stable market leadership in the field of new energy buses, demonstrating its ability to continuously innovate and lead the industry.

BYD continues to rank second, with cumulative sales of 1,706 new energy buses, a year-on-year increase of 3.21%, and a market share of 13.30%.

Suzhou Golden Dragon (Haige Bus) sold 1,362 new energy buses, a year-on-year increase of 112.48%, with a market share of 10.62%, maintaining its third place.

Jinlv Bus ranked fourth, with a cumulative sales volume of 1,254 new energy buses, with a market share of 9.77%.

Foton Ouhui's cumulative sales of new energy buses were 972 units, accounting for 7.58% of the market, ranking fifth.

Among the top ten companies, six companies, including Yutong Bus, Ankai Bus, Zhongtong Bus, and BYD achieved year-on-year growth. Among them, Yaxing Motor Coach had the highest year-on-year growth rate, reaching 117.34%.

In the first five months of 2024, the top ten list of new energy bus sales over 6 meters changed significantly compared to the previous four months. Although the top three remained stable, the competition among the remaining seven was fierce, and the market was full of uncertainty.

Conclusion:

Despite constant market challenges, leading companies such as Yutong Bus Co., Ltd. and BYD Company Limited still maintain a relatively steady growth trend, demonstrating strong risk resistance.

Meanwhile, new energy bus manufacturing companies are facing all-round challenges in terms of performance, intelligence, service and other aspects in the fierce market competition. In this new normal, only truly powerful companies can stand out in this "hard battle" and win the favor of the market.