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Yutong Bus's auto sales increase 22% in Jan-May

Jun. 4, 2012 (China Knowledge) – Zhengzhou Yutong Bus Co Ltd<600066>, one of the leading bus manufacturers in China, announced last Friday that its auto sales totaled 17,598 units at the first five month of this year, reflecting a YoY growth of 22.25%.

According to a statement filed with Shanghai Stock Exchange, the automaker saw the sales of its large bus increased 23.58% YoY to 8,219 units in the five month period, and the sales of medium bus and light bus totaled 7,603 and 1,776 units, up 14.47% and 61.16%, respectively.

From January to May 2012, the company's total output surged 31.11% YoY to 17,649 units including 8,280 units of large buses and 7,528 units of medium buses.

In another statement, the automaker said it will invest RMB 1.43 billion to reform its energy-saving and new energy bus production base to 20,000-unitscapacity per year.

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