In 2025, China’s bus industry is thriving with vigorous growth and comprehensive expansion! According to the latest data from the China Association of Automobile Manufacturers (CAAM), sales of large buses (over 6 meters) in the first quarter of 2025 reached 25,000 units, surging 13.5% year-on-year. These impressive figures not only inspire confidence but also highlight the immense potential and vitality of China’s bus market.
Amidst this competitive and opportunity-rich market, **Yutong Bus** continues to dominate the industry with sales of 7,611 units and a market share of 30.2%. Its performance in 2024 was equally remarkable, with annual sales of 46,918 units (up 28.48% YoY), revenue exceeding 37.218 billion yuan (up 37.63% YoY), and net profit attributable to shareholders soaring by 126.53%, cementing its position as an industry benchmark.
Following Yutong, **Suzhou King Long** secured second place with sales of 11,700 units, re-entering the “10,000-unit club.” **Zhongtong Bus** leaped from fourth to third place, achieving sales of 11,400 units (up 51.49% YoY), while **Golden Dragon Bus** maintained resilience with sales of 11,200 units. Other key players like Xiamen King Long, Foton AUV, and ซีอาร์ซี Electric also reported growth, reflecting a stable and dynamic competitive landscape.
Beyond domestic success, Chinese bus manufacturers are making strides globally. Yutong exported 14,000 units (up 37.73% YoY), accounting for over 30% of its total sales. **King Long Motors** expanded to nearly 170 countries, achieving a 15%-20% price premium in Middle Eastern markets. Overseas profitability for new energy buses is 5-8 percentage points higher than domestic markets, driven by competitive technology and cost efficiency.
Transformation efforts are equally striking. หยูทง commercialized its third-generation fuel cell technology and entered heavy-duty, mining, and light truck markets. **Suzhou King Long** launched innovative products like new energy sanitation trucks, pure electric trucks, and hydrogen fuel cell vehicles, tapping into emerging sectors.
Policy tailwinds further propel the industry. The National Development and Reform Commission (NDRC) and the Ministry of Finance mandated accelerated electrification of public buses, offering subsidies for vehicles over eight years old. The *Action Plan to Boost Consumption* provides systemic support, ensuring healthy industry growth.
In passenger transport, while traditional hubs like Wuhan Fujiapo Station closed, companies are repurposing infrastructure into integrated service systems. Customized passenger transport and compact bus models are reducing costs and enhancing service quality, opening new revenue streams.
In 2025, driven by policy and innovation, China’s bus industry is poised for sustained growth and a sustainable future.