· A total of 23,409 passenger cars were sold in September

In September 2014, a total of 23,409 passenger cars were sold, up 11.8% year-on-year, with a year-on-year increase of more than 10% for three consecutive months.
Among them, the passenger car sales volume was 12,009 units, a year-on-year increase of 1.3%, and the performance was stable; the bus passenger car sales volume was 7,838 units, a record high in the same period. Under the new energy bus, the growth rate exceeded 30% year-on-year. In the fourth phase of the policy, the new energy bus is expected to be centrally procured, and the bus passenger car sales growth is full; the school bus sales volume is 3,177 units, an increase of 11.4% year-on-year. In October 2014, the primary and secondary schools have started school, and the school bus production and sales level will fall. However, the rigid demand for light school buses still exists, and it is expected to drive the sales of school buses to maintain steady growth. The fourth quarter is the traditional bus sales season, coupled with the promotion of new energy bus promotion, we are firmly optimistic about the sales performance of the passenger car industry in the fourth quarter.
Seat passenger car exports fell sharply, and bus and bus exports continued to grow. In September 2014, a total of 2,768 passenger cars were exported, a year-on-year decline of 19.6%. Among them, 1,996 passenger cars were exported, down 22.3% year-on-year; buses were exported 755, up 17.2% year-on-year. After a seven-month high-speed growth, we believe that the year-on-year decline in seat passenger car exports is a normal adjustment. Considering that in recent years, major bus companies such as Yutong, Jinlong, Zhongtong and Ankai have paid more and more attention to overseas markets, and passenger car exports have become an important growth point for all enterprises. We continue to be optimistic about the export situation throughout the year.
The new energy bus starts the acceleration mode. In September 2014, a total of 7,348 vehicles for energy-saving and new-energy vehicles were produced, a year-on-year increase of 65.2%. Among them, the output of pure electric buses was 2,073 units, an increase of 1893.3% year-on-year; the output of hybrid buses (1,861 plug-in hybrid buses) was 1,888 units, an increase of 774.1% year-on-year; the output of natural gas buses was 3,387 units, down 18.0% year-on-year, dragging energy saving and The overall performance of the new energy bus market. In September, new energy buses represented by pure electric buses broke out. We judge that most of the pilot cities in the fourth quarter are expected to complete the first round of charging infrastructure construction. The focus will shift from the formulation of the plan to the implementation of the plan. The new energy bus will start the acceleration mode, and the scale of production and sales is expected to increase exponentially. Promote 2 to 2 million new energy buses, including about 10,000 pure electric buses.
In September 2014, only the sales volume of major passenger car manufacturers only decreased year-on-year. In September, Yutong sold 6,090 passenger cars, a year-on-year increase of 53.0%. Exceeding market expectations, the company's outstanding performance in the field of new energy buses is the main reason for sales growth; Sanlong sold 7,320 vehicles of various types, down 4.2% year-on-year. The decline in sales of light-duty passenger cars and the failure of new energy passenger car sales were the main reasons for the decline in sales; Zhongtong Bus sold 1,156 passenger cars, up 18.8% year-on-year. New energy bus performance was better, contributing to the company's sales growth. However, the school bus performed poorly. In September, the sales volume was only 101 units, a year-on-year decrease of 56.5%.

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