China: Bus and Manufacturing

china: Considering that China's bus manufacturing has relatively low costs and that China's new-energy process started quite early compared with many other countries and regions, China has great potential to export new-energy buses to Europe, according to a statement from UBS Securities, according to Global Times China. Shen Wei, a car industry analyst at UBS Securities, told the Global Times that some Chinese companies are already making preliminary plans for such exports to Europe. It's a trend for European passenger vehicle manufacturing to shift to low-cost manufacturing areas. In April 2018, Germany-based bus company Flix Bus opened a long-distance passenger line that used electric buses exported from Chinese bus manufacturing giant Yutong Auto. Statistics provided by UBS Securities showed that electric buses including pure electric and hybrid electric buses account for 51 percent of China's buses, while 29 percent of European buses and 22 percent of US buses are fuelled, entirely or partly, by electricity. Denmark bus operator Umove also purchased 20 electric buses from Yutong this April, according to media reports. (news.financializer.com). As reported in the news.