China, zero emission buses covered a quarter of the bus and coach market in the first half of 2024

Over 240,000 buses have been sold by Chinese OEMs in the first half of 2024 (177,400 in the domestic market), according to figures covered by Chinabuses. Such value means an increase of 10.01% year-on-year, “with a production-sales ratio of 101.24%”, reads the article. “Light bus sales decreased slightly, while the sales of the other two major types of buses showed double-digit growth”.

What about zero emission buses? 43,000 units were sold in the first half of the year considering domestic sales: it means that 24% of bus and coach sales performed in China are covered by new energy vehicles (+38.57% year-on-year).

The total size of the Chinese new energy bus market was showed to be around 160,000 units in 2023.

241,700 Buses were Sold from January to June,202411 July 2024

From January to June, as mentioned above the cumulative sales of buses were 241,700 units: 31,700 large buses (+36.79%), 18,900 medium-sized buses (+32.89%), 191,100 light buses (+4.81%). Chinabuses notes that “The production-sales ratios for large, medium-sized, and light buses were 94.46%, 99.57%, and 102.63%, respectively”.

Domestic sales of buses were 177,400 units in the first half of 2024, “an increase of 5.25% year-on-year, with a growth rate lower than the overall bus market by 4.76 percentage points. Among them, 15,200 large buses were sold domestically, up 29.36% year-on-year; 13,900 medium-sized buses were sold domestically, up 21.36% year-on-year; and 148,300 light buses were sold domestically, up 2.03% year-on-year”. It means that 30% of Chinese bus production is headed to export.