China electric bus market is anticipated to grow at a significant CAGR of around 12.0% during the forecast period (2019-2025). China is a key player in the global electric bus market and is anticipated to sustain its dominance during the forecast period. In May 2020, more than 420,000 electric buses were in China which is about 99.0% of the global fleet. The keen focus on electrification of public transit with prevalent subsidies and national regulations is a major factor contributing towards the high market share of China in the global electric bus industry. The companies are persistent to increase their market base all across the globe. BYD Co. Ltd., is a major Chinese electric bus company operating in the country as well as globally.
Browse the full report description of "China Electric Bus Market Size, Share & Trends Analysis Report By Bus Type (Hybrid Electric Bus, Fuel Cell Electric Bus, and Battery Electric Bus), By Battery Type (NiMH, Li-ion, and Others), By End-User (Government and Fleet Owner), and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/china-electric-bus-market
In a couple of years, the Chinese companies have increased their footprints globally and offering competitive products in the electric bus segment. For instance, in January 2021, BYD Ltd., has received orders to supply more than 1,000-unit pure-electric buses to the capital of Colombia, Bogota. For completion of this project, BYD will partner with local bus manufacturers Superpolo and BUSSCAR on the bus body parts. Moreover, in December 2019, BYD Co., Ltd. announced to double its bus manufacturing capacity in India and announced its plans to open bookings for its electric multi-purpose vehicle (MPV) product T3 soon, to foray into the emerging EV market in the country. As the Chinese companies are among the first player in the global electric bus industry, they are expected to maintain a significant market share in most of the country during the forecast period.
Market Coverage
Key questions addressed by the report
China Electric Bus Market Report Segment
By Bus Type
By Battery Type
By End-User