Yutong Bus Has Cornered 90% of Cuba's Public Transport Market Over 10 Years
Yicai Global
/SOURCE : Yicai
Yutong Bus Has Cornered 90% of Cuba's Public Transport Market Over 10 Years

(Yicai Global) July 4 -- Zhengzhou Yutong Bus Co. [SHA:600066] has captured more than 90 percent of Cuba's public transport market after exporting 5,827 vehicles to the Caribbean island nation over 10 years, including city buses, long-distance buses, school buses and tour buses.

The president of Cuba Bus Co. told Yicai Global that since 2005, his company has bought 777 buses from Henan Province-based Yutong Bus. Some have been running for 10 years and still operate well after technical upgrades, which help extend their working lives, a very important detail to cash-strapped Cuba Bus.

Last year, Yutong Bus shipped 2,761 buses to Latin America, accounting for 66 percent of China's total export of large- and medium-sized buses.

Follow Yicai Global on