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Buses World News

In brief: Worldwide montly news & informations about Buses, Busmakers, Passengers' and the Transport Industry

8.8.15

BUS MARKET * China: Research Report & Electric buses

* China - Bus market research report from 2015 to 2018 set to grow according to forecasts

-- In 2014, the new energy bus became a new sport light in bus market, with sales volume hitting 27,000 vehicles, up 160% from a year earlier. In terms of power type, the plug-in hybrid bus gained in popularity in the market with its lower prices and high cost performance... In 2014-2015, although macro-economy would have certain impact on bus market, city buses, new energy buses, and light-duty buses, which were driven by downstream market, presented a rise in demand, thus leading to growth of overall bus market in China. In 2014, the sales volume of buses (including bus chassis) in China came to 606,900 vehicles, up 8.37% from a year earlier... And therefore it accounted for the largest share in new energy bus market, at 47.5% in 2014. Spurred by technology maturity and polices, the battery electric bus developed rapidly, representing 47% in 2014, an increase of 31 percentage points from 2013... However, the ordinary hybrid bus, which was not brought into the national subsidy list, occupied an increasingly lower market share, to 5.5% in 2014. It is expected to gradually withdraw from the market in the future... 
(Photo: 18-meter-long Electric Buses debut in Beijing. 2015 shows a brand-new electric bus, 18 meters in length, at the Fuchengmen Outer street bus terminal in Beijing, capital of China)  --  Shanghai, SH, China - RnR Market Research/WhaTech Channel (Chicago, Illinois, USA) - 6 August 2015 


* China - Electric Bus Market to grow at a CAGR of 33.6% to 2020

--  Sales volume of electric bus reached 27,000 vehicles throughout the year 2014, soaring by 160.3% from the previous year, and kept growing rapidly in the first half of 2015, approaching 20,000 vehicles. It is expected that China will sell 154,000 electric buses in 2020, with a CAGR of 33.6% during this period, said the "China Electric Bus Industry Report 2015-2020" ... The variety that is vigorously promoted is electric public bus which accounts for 85% of total sales volume of electric bus. City bus ownership in China now has exceeded 500,000 vehicles, carrying 60% of city passenger transportation in urban public transport system. As of 2014, electric public bus ownership nationwide topped 80,000 vehicles... It is expected that new electric public buses added in 2020 will make up 70% of new public buses added that year, and cumulative electric public bus ownership will exceed 300,000 vehicles by 2020... Besides public bus, light business-purpose bus and touring bus markets will be next market spotlights for electric bus. New energy commercial bus rating had been completed in the first quarter of 2015, and 3,000 vehicles are expected to be sold in 2015... Seen from battery, motor and electronic control industry chain, electric bus now adopts mainly LFP power battery and "LFP+ supercapacitor" dual-battery system. Based on the type of battery used by electric bus in the first half of 2015, configuration rate of LFP power battery including "LFP+ supercapacitor" dual-battery system was up to 82%. Rated power of drive motor for electric bus mostly falls into the range of 80 kW to 120kW. Asynchronous motor still holds a dominant position, as it can provide high-power traction; permanent-magnet synchronous motor starts to be massively used in medium-sized and small buses... In point of competitive landscape among companies, top5 electric bus manufacturers in 2014 were Yutong Bus, Xiamen King Long Motor Group (including three wholly-owned subsidiaries: Higer Bus, Xiamen King Long United Automotive Industry, Xiamen Golden Dragon Bus), BYD, Nanjing Golden Dragon Bus and Zhongtong Bus, together producing 17,011 vehicles, 62.5% of the country's total... As electric bus enjoys enormous space for future development and can greatly drive the development of relevant industrial chains, China has ushered in an electric bus investment boom since 2014, with planned investment in electric bus announced by key bus makers nationwide exceeding RMB21 billion according to preliminary statistics and a lot of capacity putting into production in 2016 and 2017... 
(Photo: Depot buses, settled in for the night)   --  Shanghai, China - PRNewswire-iReach (Chicago,ILL,USA) - Aug. 3, 2015

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