The story
Yutong's origins can be traced to the Zhengzhou Bus Repair Factory, which was established in 1963. Zhengzhou Yutong Bus Co., Ltd. was founded in 1993; and in March 1997, Yutong became the first bus company in China on the Shanghai Stock Exchange. The following year, Yutong opened its ¥400 million ($50,000,000 in 1999) Yutong Industrial Park in Zhengzhou, which was the largest bus factory in Asia at the time.
By 2005, Yutong had a 22% market share of buses and coaches across China, becoming China's biggest bus manufacturer, and had won an award for being the best manufacturer in China by the World Bus Alliance. In March, Yutong began exporting buses worldwide to markets such as Latin and South America, Asia-Pacific, and Europe.
Yutong first entered into the electric bus market with the opening of its 'New Energy' manufacturing plant in 2012, and in 2014, opened the National Research Center on Electronic Control and Safety Engineering Technology of Electric Buses in conjunction with the Chinese government. In 2015, Yutong conducted the world's first road trials of an autonomous bus, demonstrating self-driving technology on a 32.6 kilometres (20.3 mi) drive on a highway between the cities of Zhengzhou and Kaifeng.
As of 2018, Yutong had exported more than 64,000 buses and coaches, with nearly 25,000 of these in 2017 being either battery electric or CNG-powered. The company's sales and service network covers six regions worldwide: Europe, the Commonwealth of Independent States, Latin America, Africa, Asia-Pacific and the Middle East, and Yutong buses and coaches have been delivered to over 60 countries and regions in the world.
From Wikipedia’s article on Yutong, shared under CC BY-SA 4.0.5