Communist China’s Largest Bus Maker’s Sales Plummet by Half Year-On-Year

Yutong Bus Co Ltd (600066:Shanghai) disclosed its production and sales data in June. It shows that the sales volume in June was 2,234 units, a year-on-year decrease of 58.29%; the cumulative sales volume from January to June was 11,567 units, a year-on-year decrease of 43.82%, National Business Daily reported on July 4.

Yutong Bus is Communist China’s largest bus manufacturer and one of the largest bus manufacturers in the world. For the domestic market of large and medium-sized buses, Yutong has a market share of 38.2%, ranking first for 20 consecutive years. The cumulative export of products exceeds 80,000 units, which are sold to more than 40 countries and regions around the world, covering six major areas including the Americas, Africa, Asia-Pacific, the Commonwealth of Independent States (CIS), Middle East, and Europe. Yutong’s global market share exceeds 10%, and its global sales volume has been in the leading position for 11 consecutive years.

Yutong’s sales have plummeted amid the Chinese Communist Party (CCP) virus pandemic and the outbreak of side effects of toxic vaccines. It can be expected that more companies will be severely hit by the CCP’s policy of closing the country.