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New energy bus to become the main force in the bus industry

BEIJING – With the rapid development of new energy vehicles in recent years, new energy buses are also becoming the main force in China’s bus industry, which means the industry is transforming into a new pattern, according to the 2017 China Bus Industry Blue Book Press Conference and the 5th China Bus Blue Book Summit Forum organized by find800.cn, China Traffic News and Social Sciences Academic Press on October 18 in Beijing.

With the release of the Report on China’s Bus Industry Development (2016-2017) as an opportunity, there were deep discussions in the development status of China’s new energy bus industry.

Wu Shengnan, director of China Automotive Engineering Research Institute, analyzed the competitive situation of the new energy bus market. In the first half of 2016, sales volume of new energy buses reached 28,000 units. However, just half as many were sold in the first half of 2017. According to the 13th Five-Year Traffic System Planning, new energy buses should reach more than 35 percent of the bus fleet. Therefore, China will give full support to developing new energy buses in the future. With the current strict allowance requirements, bus enterprises also need to positively seek cooperative opportunities and develop rapidly.

Xie Guangyao, chief editor of cvworld.cn, presented about his predictions of the development of the bus market in 2018. Although the new energy bus market is not optimistic this year, the trend of developing battery electric buses is still clear. The new energy bus market does have a low threshold, strong development momentum and huge potential. In 2018, he predicted that battery electric bus sales could reach more than 100,000 units.

The Report, also named Blue Book, systematically shows the development of China’s bus industry, including detailed data and rational objective analysis, to provide readers a new view of observing the bus industry in recent years.

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