Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  Zhengzhou Yutong Bus Co., Ltd.    600066   CNE000000PY4

ZHENGZHOU YUTONG BUS CO., LTD.

(600066)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Zhengzhou Yutong Bus : Yutong Bus Will Provide 1,002 Buses During 2022 World Cup, Receives The Largest Electric Bus Order in History

11/30/2020 | 11:00am EST

ZHENGZHOU, China, Nov. 30, 2020 /CNW/ -- Zhengzhou Yutong Bus Co., Ltd. (Yutong Bus, SHA: 600066) has received an order about CNY1.8 billion for 1,002 buses from Mowasalat, the Qatar public transport company, that will provide commuting services for the FIFA World Cup Qatar 2022, 741 of which will be electric, making it the largest order of EV buses ever.

An online signing ceremony Qatar's electric bus strategy on Nov. 30, attended by Qatar's Prime Minister Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani, Minister of Transport and Communications HE Jassim bin Saif Ahmed AI-Sulaiti, the Chinese Ambassador to Qatar Zhou Jian, the Commercial Counselor of Economic and Commercial Office of the Embassy of PRC in QatarYang Song, CEO of Mowasalat Fahad Saad Al-Qahtani, Deputy CEO of Qatar Free Zones Authority ("QFZA") Abdulla Al-Misnad and CEO of Yutong Group Tang Yuxiang.

Yutong Bus signed a framework agreement with Qatar Free Zones Authority (QFZA) and Mowasalat to establish a KD factory in Qatar.

During the event, Yutong Bus also signed a framework agreement with QFZA and Mowasalat to establish a KD factory in Qatar as the Qatar government continues to promote the development of its electric bus infrastructure. Qatar 2022 will be the first World Cup event to adopt the largest number of environmentally-friendly electric buses with zero emissions, and Yutong Bus is honored to be part of the mission of making it a green, sustainable sporting event.

Yutong Bus Will Provide 1,002 Buses During 2022 World Cup, Wins The Largest Electric Bus Order in History.

"Yutong Bus will continue to work closely with local partners to accelerate the public transportation system build-up with green energy solution," said Shen Hui, GM of Yutong Bus in Middle East. "The KD factory for EV buses with Qatar Free Zones Authority (QFZA) and Mowasalat will realize localized design and manufacturing of EV buses in Qatar, offering more experience and technologies to aid the sustainable development of local public transportation."

For Yutong Bus, Qatar 2022 will be yet another major international sporting event for which the company has provided service and support following the 2018 FIFA World Cup in Russia, as well as multiple international conferences such as APEC meetings. With the ability and experience to serve major international events, along with an extraordinary quality of products, Yutong Bus once again wins the trust from client.

As an innovator in the international new energy bus field, Yutong Bus has taken the lead in the research and development of bus energy conservation and new energy exploration. Now it has fully mastered the core technologies in design and manufacturing of new energy empowered vehicle, such as EV bus matching and optimization, system integration and control, and bus wireless charging. Yutong Bus established largest manufacturing base of new energy vehicles in China to apply with pioneering technology from its state-leveled R&D center.

With such strength, Yutong Bus has sold more than 130,000 units of new energy buses to more than 350 cities as well as 24 countries and regions worldwide, including France, Great Britain, Australia, Chile and Denmark. The company is unremittingly expanding its global operation of new energy products by adequately filling the customers' needs for customized products.

Starting from the manufacture of the first bus, Yutong Bus' focus is not only on the bus itself, but by adhering to the brand concept of "better bus better life", committed to deepen cooperation under win-win strategy with relevant parties to jointly provide more comfortable, greener, more efficient and higher-quality travel experience for public transportation in the future.

About Yutong

Zhengzhou Yutong Bus Co., Ltd. is a modern manufacturing company specialized in the R&D, manufacturing and sales of buses. Its annual sales volume exceeds 70,000 units, with over 130,000 new energy buses sold to date. Yutong Bus sells buses with sizable volume in over 30 countries across six continents with a market share of over 30 percent in China and over 15 percent globally.

For more information, please visit http://www.yutong.com.

Cision
View original content to download multimedia:http://www.prnewswire.com/news-releases/yutong-bus-will-provide-1-002-buses-during-2022-world-cup-receives-the-largest-electric-bus-order-in-history-301181684.html

SOURCE Yutong Bus

© Canada Newswire, source Canada Newswire English

All news about ZHENGZHOU YUTONG BUS CO., LTD.
01/07ZHENGZHOU YUTONG BUS : Ending 2020 with Momentum, Yutong Bus is Ready to Start 2..
AQ
2020Chinese autonomous vehicle company WeRide raises $200 million from bus maker ..
RE
2020ZHENGZHOU YUTONG BUS : Yutong Bus Will Provide 1,002 Buses During 2022 World Cup..
AQ
2020ZHENGZHOU YUTONG BUS : Qatar signs agreement with China's Yutong to manufacture ..
RE
2020ZHENGZHOU YUTONG BUS CO., LTD. : annual earnings release
2019ZHENGZHOU YUTONG BUS CO., LTD. : annual earnings release
2018ZHENGZHOU YUTONG BUS CO., LTD. : annual earnings release
2017ZHENGZHOU YUTONG BUS : Yutong Bus releases output and sales data of Aug. 2017
PU
2017ZHENGZHOU YUTONG BUS : 48 Yutong new energy buses serve in Dali city
PU
2017ZHENGZHOU YUTONG BUS : Yutong full electric bus conquers the altitude of 5,...
PU
More news
Financials
Sales 2020 23 878 M 3 686 M 3 686 M
Net income 2020 951 M 147 M 147 M
Net cash 2020 4 767 M 736 M 736 M
P/E ratio 2020 31,9x
Yield 2020 1,89%
Capitalization 31 504 M 4 861 M 4 864 M
EV / Sales 2020 1,12x
EV / Sales 2021 0,83x
Nbr of Employees 18 082
Free-Float 56,7%
Chart ZHENGZHOU YUTONG BUS CO., LTD.
Duration : Period :
Zhengzhou Yutong Bus Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ZHENGZHOU YUTONG BUS CO., LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 16,30 CNY
Last Close Price 14,23 CNY
Spread / Highest target 47,1%
Spread / Average Target 14,5%
Spread / Lowest Target -55,7%
EPS Revisions
Managers and Directors
NameTitle
Yu Xiang Tang Chairman & General Manager
Xi Shun Sun Chairman-Supervisory Board
Bo Yang Chief Financial Officer & Director
Li Yu Board Secretary & Director
Jian Wei Cao Director
Sector and Competitors
1st jan.Capitalization (M$)
ZHENGZHOU YUTONG BUS CO., LTD.-15.90%4 861
BYD COMPANY LIMITED25.30%98 005
SAIC MOTOR CORPORATION LIMITED-3.56%42 232
FERRARI N.V.-7.60%39 179
MARUTI SUZUKI INDIA LTD5.22%33 314
GUANGZHOU AUTOMOBILE GROUP CO., LTD.-6.26%16 681