Yutong Q3 Net Profit 1.316 Billion Yuan, Up 8% QoQ, as Overseas NEV Bus Business Drives Profit Growth
Yutong, the commercial-vehicle bellwether, released its 2026 Q3 report showing third-quarter net profit of 1.316 billion yuan, up 8% quarter on quarter, with overseas NEV…
Yutong, the commercial-vehicle bellwether, released its 2026 Q3 report showing third-quarter net profit of 1.316 billion yuan, up 8% quarter on quarter, with overseas NEV bus business the main profit-growth engine. China Bus Statistics data show that in January-September Yutong sold 10,435 units of buses over 7 meters overseas, about 23.6% of the overseas market, of which 2,621 NEV units, up 12.0% year on year, with overseas NEV share about 19.4%. Management expects fundamentals to stay sound as domestic and overseas NEV orders deliver, Q4 centralized procurement is anticipated and overseas localization deepens. NEV export share has stabilized above 50% of total vehicle exports.
Source: China Economic Net, Oct 30, 2026 | 2026-10-30
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