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PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1693625

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PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1693625

China Electric Bus - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

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PAGES: 189 Pages
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The China Electric Bus Market size is estimated at 42.64 billion USD in 2025, and is expected to reach 51.14 billion USD by 2029, growing at a CAGR of 4.65% during the forecast period (2025-2029).

China Electric Bus - Market - IMG1

China Electric Bus Market Trends

Government initiatives and strong OEM investments drive rapid drowth in electric vehicle sales in China

  • The programs launched by the government to reduce gas emissions caused by vehicle fuels are encouraging consumers to shift to green vehicles. In November 2020, the government of China announced a ban on fossil fuel vehicles by 2035, clearly stating the selling of 100% new energy vehicles under the new energy program. As a result, the demand for electric cars increased. Adopting such regulations enhanced the sales of electric cars and various types of battery packs used in them in China in recent years.
  • The government is introducing various schemes and incentives for customers and manufacturers to promote and enhance the demand for electric vehicles in the country. In May 2022, the government announced the reintroduction of the subsidy program to increase the sales of electric vehicles. Moreover, the government will allocate a subsidy of USD 1500 to customers opting for an electric car. Such factors have encouraged customers to invest in electric mobility, which further has increased the sales of electric cars by 2.90% in 2022 over 2021 in China.
  • The growing demand for electric vehicles has forced OEMs to plan to increase development and production in the electric vehicle category. In 2021, General Motors announced its plans to raise its spending on electric and autonomous vehicles to USD 20 billion by 2025. The company is expected to launch 20 new electric models by 2023 and aims to sell more than 1 million electric cars a year in China. As a result, these factors are expected to drive the electric vehicle market in China during the 2024-2030 period.

China Electric Bus Industry Overview

The China Electric Bus Market is moderately consolidated, with the top five companies occupying 59.80%. The major players in this market are Chery Automobile Co. Ltd., Chongqing Changan Automobile Company Limited, King Long United Automotive Industry Co. Ltd., Zhejiang Geely Holding Group Co. Ltd and Zhengzhou Yutong Bus Co. Ltd. (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Product Code: 93013

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY & KEY FINDINGS

2 REPORT OFFERS

3 INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study
  • 3.3 Research Methodology

4 KEY INDUSTRY TRENDS

  • 4.1 Population
  • 4.2 GDP Per Capita
  • 4.3 Consumer Spending For Vehicle Purchase (cvp)
  • 4.4 Inflation
  • 4.5 Interest Rate For Auto Loans
  • 4.6 Shared Rides
  • 4.7 Impact Of Electrification
  • 4.8 EV Charging Station
  • 4.9 Battery Pack Price
  • 4.10 New Xev Models Announced
  • 4.11 Fuel Price
  • 4.12 Oem-wise Production Statistics
  • 4.13 Regulatory Framework
  • 4.14 Value Chain & Distribution Channel Analysis

5 MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Fuel Category
    • 5.1.1 BEV
    • 5.1.2 FCEV
    • 5.1.3 HEV
    • 5.1.4 PHEV

6 COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Anhui Ankai Automobile Co. Ltd.
    • 6.4.2 BYD Auto Co. Ltd.
    • 6.4.3 Chery Automobile Co. Ltd.
    • 6.4.4 Chongqing Changan Automobile Company Limited
    • 6.4.5 CRRC Electric Vehicle Co. Ltd.
    • 6.4.6 FAW Toyota Motor Co. Ltd.
    • 6.4.7 Higer Bus Company Ltd.
    • 6.4.8 King Long United Automotive Industry Co. Ltd.
    • 6.4.9 Nanjing Golden Dragon Bus Co. Ltd.
    • 6.4.10 Shanghai Sunwin Bus Corporation.Ltd.
    • 6.4.11 Zhejiang Geely Holding Group Co. Ltd
    • 6.4.12 Zhengzhou Yutong Bus Co. Ltd.
    • 6.4.13 Zhongtong Bus Holding Co. Ltd.

7 KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

8 APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter's Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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