The China Electric Bus Market size is estimated at USD 36.79 billion in 2024, and is expected to reach USD 91.30 billion by 2029, growing at a CAGR of 19.94% during the forecast period (2024-2029).
The China Electric Bus Market is dominated by several key players such as Anhui Ankai Automobile Co. Ltd, BYD Company Limited, Higer Bus Company Limited, Zhengzhou Yutong Group Co. Ltd., and Zhongtong Bus Holding Co. Ltd. (sorted alphabetically). Several key players are setting up their manufacturing facilities in the country to meet the growing demand for plug-in hybrid buses. For instance,
In January 2022, Cardiff Bus unveiled its 36 Yutong E12 battery-electric buses, which have converted almost a quarter of the municipal operator's fleet to zero-emission in one go. Delivery of the E12s represents more success for Pelican in the Welsh battery-electric bus market after orders from Newport Bus and for TrawsCymruservices.
In June 2021, China Yuchai International Limited announced that it has entered into a strategic partnership agreement with Guangxi Shenlong Automobile Manufacturing (Sun Long) to develop four new energy powertrain systems, including e-CVT power-split hybrid powertrain ("YC e-CVT"), integrated electric drive axel powertrain ("YC e-Axel") for new energy bus production in southern China.
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