Yutong expects to deliver 1,000 new energy buses in the end of the year and two months
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Zhu Guanghai, vice-minister of the new energy technology department of Yutong Bus, told reporters that in November and December 2013, Yutong Bus is expected to deliver approximately 1,000 new energy buses, including 100 pure electric buses to the public transport companies in Henan Province, and 650 plug-in hybrid passenger cars.
The reporter participated in the first China Bus Summit held in Beijing on December 10. Zhu Guanghai stated at the meeting that between January and September 2013, Yutong Bus sold a total of 2,414 new energy buses. Yutong Bus has been in 54 cities since 2010. 79 Among the customers, 5142 sets of energy-saving and new energy vehicles have been sold.
Zhu Guanghai told reporters that it is expected that about 1,000 new energy buses will be delivered in November and December this year. The new energy buses will enjoy the subsidy policy of Henan Province.
It is reported that the Henan Provincial Department of Finance provides subsidy for plug-in hybrid and pure electric vehicles, urban public transport (including rental operations) and intercity passenger transport enterprises produced in 2013 in the province. Subsidy models need to be included in the national “Energy Conservation and New Energy Car Model Promotion and Application Engineering Recommended Model List. The specific subsidy standards are: subsidy of pure electric bus for passengers over 10 meters is 500,000 yuan per vehicle, subsidy of plug-in hybrid electric bus over 10 meters is 420,000 yuan per vehicle, and subsidy for pure electric cars is 60,000 yuan per vehicle.
An automotive industry analyst told reporters that Yutong Bus's gross profit margin in the third quarter was 18%, a slight decrease from the previous quarter and the same period of last year. With the delivery of new energy passenger cars and Venezuela export orders in the fourth quarter, the gross profit margin of Yutong Bus is expected to be Promote.