Chinese company Yin Long takes control of the Serbian manufacturer Ikarbus by paying the company’s debts. As reported on SeeNews, the Chinese bus manufacturer repaid Ikarbus’ debt to Banca Intesa. In this way, according to a statement by Dragan Stevanovic, state secretary at the economy ministry, Yin Long «qualified to become a major shareholder of the company».

yin long electric bus

Yin Long and Chinese manufacturers looking at Europe

Yin Long is one among the many Chinese electric bus manufacturer who are looking to an expansion in Europe. Besides, electric bus adoption is gearing up in Europe as more and more cities are planning to convert the fleet to electricity, while in China the sales volumes are stabilizing. «New energy bus subsidy may fall up to 50 per cent – explained Interact Analysis’ researcher Maya Xiao to Sustainable Bus -. In the short term, it will bring profit pressure to the related enterprises in the whole new energy industry chain». Anyway, Xiao points out that there is still room for growth, as «in January 2019, China’s new energy bus production reached 7.641 units, ending three consecutive months of year-on-year decline, with a significant increase of 178% compared with the same period last year».

Yin Long interested in production of ebuses in Europe

In this scenario, many Chinese manufacturer are taking an interest in the small (compared to China) European market. In 2018, in Europe less than 600 electric buses were registered. In China, where around 99 per cent of the electric buses worldwide are in operation, last year there were around 90,000 electric bus registration. In September 2017, still according to SeeNews, Serbian economy ministry said Yin Long is interested in the production of electric buses in Serbia for European market.

The Chinese company produces electric buses in China as well as batteries. Ikarbus produces city, intercity and tourist buses as well as buses powered by natural gas. The company’s capacity is 250 vehicles per year. Ikarbus buses have been exported in Russia and Africa.

Yin Long

Highlights

Spotlight on the Citymood 12e by IIA: the VIDEO test drive

Manufactured in Flumeri, Southern Italy (some 100 km west of Naples), in one of the largest bus plants in Europe, the Menarini Citymood 12e, launched in late 2021, is the only standard size battery-electric bus featuring the ‘made in Italy’ label. It features a self-supporting steel fram...

Unleash the potential of your eBuses batteries, by PowerUp

The performance and safety evaluation of electric vehicle (EV) batteries is a multifaceted process that extends beyond reliance on a single key performance indicator. Instances of electric buses breakdowns or fires typically stem from a culmination of factors rather than a singular event.
ITS

Related articles

Volvo Buses, the first order for 15 electrics bodied by MCV

Volvo Buses has secured the first order for 15 Volvo 7900 Electric buses with MCV – Manufacturing Commercial Vehicles as coachbuilder, following the agreement made between the two companies in recent months and which we told you about. The order for the fifteen e-buses is placed by Luxembourg-...

Twelve more Solaris Urbino electric buses for Warsaw

Solaris Bus & Coach will supply twelve articulated electric buses, model 18, in the coming two-year period 2024-2025. Twelve articulated ebuses will thus join the existing fleet of 150 Bevs signed by the Polish manufacturer for public transport in Poland’s capital city. The newly ordered b...