Yutong (officially Zhengzhou Yutong Group Co., Ltd.) is a Chinese manufacturer of commercial vehicles, especially electric buses, headquartered in Zhengzhou, Henan. Yutong also has businesses in construction machinery, real estate, and other investments. As of 2016 it was the largest bus manufacturer in the world by sales volume. Background Yutong has four manufacturing bases: conventional buses, new energy buses, specialized vehicles, parts and components, and has the single largest bus manufacturing plant in the world. As of 2018, Yutong has a complete lineup of 5m-18m vehicles consisting of over 140 series of buses and coaches. In 2017, its sales volume of large and medium-sized buses reached 67,268 units. Among them 24,865 units are new energy buses. From 2005 to 2017, Yutong buses have been exported to over 30 countries and regions, including France, UK, Australia, South Africa, Cuba, Venezuela, Chile, Russia, Saudi Arabia, Taiwan (Republic of China), with a market share of over 30% in Mainland China and over 15% in the rest of the world and serving more than 210 chartered service companies and over 330 authorized service outlets. History The company was established in 1963 as the Zhengzhou Bus Repair Factory. 1963: Zhengzhou Bus Repair Factory was founded. 1993: Zhengzhou Yutong Bus Co., Ltd. was founded with a sales volume of 708 units. 1997: Listed in Shanghai Stock Exchange, becoming the first the listed bus company in China 1998: Yutong Industrial Park with an investment of CNY 400 million was put into operation. 2005: Launched an overseas market strategy, becoming the first Chinese bus builder to export CKD parts. 2006: Granted the Certificate for the Exemption of Import and Export Commodities From Inspection. 2009: Zhengzhou Yutong Bus Co., Ltd. Specialty Vehicle Branch was founded. 2009: The internationally advanced cathodic electrocoating line and the first experiment center for buses and parts in China were set up. 2011: Yutong TSM intelligent operating system was launched. 2012: The Yutong New Energy Bus Plant was put into operation. 2014: The National Research Center on Electronic Control & Safety Engineering Technology of Electric Buses is designated to be located 2015: The bus manufacturing factory jointly funded by Yutong from China and Venezuelan Government was officially put into operation on December 2, 2015. 2015: Yutong successfully completed the world's first trial operation of an autonomous bus on the open road. 2017: Sales volume of large and medium-sized buses reached 67,268 units, among which 24,865