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LMC Automotive blog: Has the Chinese bus market bottomed out?
In 2016, almost 190,000 new buses (>7m length) were sold in China – the highest level on record. Fast-forward four years and sales slumped to 104,000 units in 2020, marking the fourth consecutive year of decline.
While the drop in bus sales in 2020 was exacerbated by the impact of coronavirus, the quadrupling of year....
While the drop in bus sales in 2020 was exacerbated by the impact of coronavirus, the quadrupling of year....
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