Characteristics of China’s domestic commercial vehicle market—June 2024 (3.0)

The sales area of ​​the domestic light bus market is mainly in the relatively developed South China. Constrained by the road right policy, the sales volume of fuel light buses in Beijing, Tianjin and Shanghai has shrunk, especially in the South China market, where the market for fuel light buses has shrunk rapidly.

New energy light buses are mainly in high demand in developed regions, and the performance of new energy in South China is relatively strong.

The main manufacturers of light buses are mainly Jiangling Motors, SAIC-GM-Wuling, Geely Commercial Vehicles, SAIC Maxus, BAIC Foton, Changan Automobile and other companies. Among them, Jiangling Motors maintains an absolute dominant position, but the new energy light buses of Geely Commercial Vehicles, an emerging force, perform relatively well. Recently, Wuling's electric light bus has finally been launched, which should be lethal.

The large and medium bus market has performed relatively strongly recently, and has performed well in the central and western markets overall.

The penetration rate of new energy large and medium bus markets is mainly in Beijing, Tianjin, Shanghai, South China and the middle reaches of the Yangtze River, and other regions perform generally.

The main manufacturers of large and medium-sized buses are still Yutong, King Long and other companies, which have performed relatively well, especially Yutong and King Long's traditional fuel vehicles have performed well. Jinlu and other companies have also performed relatively well.

The companies with high penetration rates of new energy large and medium-sized buses are mainly second-tier companies. The main companies are all fully developed in new energy fuel vehicles, and the main companies have a good market for fuel vehicles.