Yutong Bus: the group, its brands and who controls it
Facts checked
- Private
- SSE 600066
Yutong builds buses and coaches in Zhengzhou, Henan. The works began in 1963 as a bus repair factory; the listed company was formed in 1993 and in March 1997 became the first Chinese bus maker to list in Shanghai.
Despite its size it is not a state enterprise. Zhengzhou's state assets bureau sold most of the Yutong Group in 2001 to a management vehicle led by Tang Yuxiang, who remains chairman. The unlisted Zhengzhou Yutong Group sits above the listed company.
Yutong has been described as the largest bus and coach maker in the world by volume since 2016, and by its own account holds more than 10% of the global market. It sold 49,518 vehicles in 2025 and says it has exported close to 130,000 buses to more than 100 countries and regions and sold over 210,000 new-energy buses in total. Recent deliveries include 400 electric buses to Pakistan, 372 to Chile and 100 to Greece in 2025, and fleets for the 2022 World Cup in Qatar and the 2024 Paris Olympics.
Key facts
| Chinese name | 宇通客车 “yoo-TONG kuh-CHUH” 宇 'space, the universe' + 通 'to go through, to connect'; 客车 is 'passenger coach' |
|---|---|
| Legal name | Zhengzhou Yutong Bus Co., Ltd. |
| Ownership | Private |
| Founded | 1963 |
| Headquarters | Zhengzhou, Henan, China |
| Vehicles | Buses and coaches and Commercial vehicles |
| Listings | SSE 600066 |
| 2025 deliveries | 49,518 vehicles, up 5.54% on 2024 |
| Cumulative exports | Close to 130,000 buses to more than 100 countries and regions |
| New-energy buses sold | More than 210,000 cumulatively |
| Global market share | More than 10% of the world bus and coach market, by the company's own account |
| Market position | Reported as the world's largest bus and coach maker by sales since 2016 |
| Control | Privately controlled after the 2001 management buy-out of Yutong Group from Zhengzhou's state assets bureau |
Ownership tree
- Yutong Bus (group)
- Yutong (brand)
Who controls Yutong Bus?
Tang Yuxiang controls Zhengzhou Yutong Group Co., Ltd. since 2001.
Tang Yuxiang led the management group that bought Yutong Group from the Zhengzhou state in 2001; he remains chairman. The management vehicle held 73.26% of the acquiring company at the time, but we did not verify his personal holding today.
Zhengzhou Yutong Group Co., Ltd. controls Yutong Bus.
The unlisted Zhengzhou Yutong Group is the controlling shareholder of the Shanghai-listed Yutong Bus. We did not find a published percentage.
Brands
| Brand | Held | Origin | Founded | Models | Markets |
|---|---|---|---|---|---|
| 宇通Yutong | directly | China | 1963 | 0 | 16 |
Yutong Bus: questions people ask
- Is Yutong state-owned?
- No. Zhengzhou's state assets bureau sold 89.8% of the Yutong Group in 2001 to a management group led by Tang Yuxiang, and the company has been privately controlled since. The bus maker itself is listed in Shanghai.
- Is Yutong the biggest bus manufacturer in the world?
- It has been reported as the largest by sales volume since 2016, ahead of Daimler and King Long, and the company says it holds more than 10% of the global market. It delivered 49,518 vehicles in 2025.
- Where are Yutong buses sold?
- In China and, by the company's account, more than 100 other countries and regions, with large fleets in Latin America, Central Asia, the Middle East, Africa and parts of Europe. They are not sold in the United States.
- Does Yutong make electric buses?
- Yes. Yutong says it has sold more than 210,000 new-energy buses in total, and battery-electric models are roughly a third of its volume.
Related
Sources for Yutong Bus
- Yutong Bus (PR Newswire), Yutong Bus Reports Continued Sales Growth in 2025, Advancing Sustainable Public Transportation Worldwide. Read . Released 28 January 2026; 2025 volume and country deliveries.
- Zhengzhou Yutong Bus Co., Ltd., About Yutong. Read . Company statements on exports, countries, market share and new-energy bus totals.
- The Driven, Yutong: The world's biggest bus maker you've probably never heard of. Read . Global number-one ranking since 2016; 1963 founding; Australian position.
- Fudan University School of Management, Yutong Bus: Management Buy-Out. Read . The 2001 purchase of 89.8% of Yutong Group from the Zhengzhou state assets administration.