Can the sales of new energy buses in the second half of the year be realized?

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By the middle of 2017, the passenger car market in the first half of the year had been quite mixed. On the positive side, there were frequent overseas deals, new models were emerging, and high-end road buses were once again in demand. However, the new energy bus segment remained weak. Let’s take a closer look at the major events in the passenger car industry during this period and what it means for the future of electric vehicles.

â–  Production and Sales Declined Across All Models

According to the latest production and sales data from the China Association of Automobile Manufacturers, the production and sales of passenger cars in the first half of 2017 dropped by 15.34% and 13.98% respectively compared to the same period last year. The decline was even more severe for certain categories, such as medium-sized buses, which saw a drop of over 30%. Despite this, June marked a sign of recovery, with sales turning positive for the first time in months.

Industry experts noted that slowing economic growth and competition from public transportation have contributed to the slowdown. In recent years, only 2015 saw double-digit growth, largely driven by new energy buses. However, this year's new energy bus sector suffered a sharp decline due to policy changes and subsidy reductions.

â–  Bright Spots in a Challenging Market

Despite the overall sluggishness, the passenger car market brought several surprises. New models, mergers, and large orders stood out. High-end road buses like Yutong C12 and Jinlong Longwei II made their debut, while fuel cell buses from companies like Futian and Zhongtong also gained attention. Major acquisitions, such as Dongxu Group’s purchase of Shenlong Bus, signaled a shift toward new energy vehicles.

Large orders also emerged, including BYD delivering 1,100 electric buses to Shaanxi and Futian winning a contract for 1,320 pure electric buses in Beijing. International exports also picked up, with Myanmar becoming a key market for Chinese bus manufacturers.

â–  Strong Growth Expected in the Second Half

Industry insiders believe that the main factors behind the first-half decline include overspending, market saturation, subsidy cuts, and higher technical standards. However, with upcoming bidding plans and clearer policies, the market is expected to recover. Experts also noted that while the initial phase of new energy buses faced challenges, the long-term trend toward electrification remains strong.

Analysts suggest that most new energy bus orders tend to break out in the second half of the year, offering optimism for the full-year performance. As the industry adapts to new regulations and continues to innovate, the outlook for new energy buses appears promising.

This concludes our overview of the current state and future potential of new energy buses in the passenger car market. For more detailed insights and updates, stay tuned for further reports from electronic engineering experts.