Core Insights - The article highlights the launch of the new high-end bus model GC15 by King Long Bus at the Brussels Bus Expo, showcasing its advanced features and performance capabilities [1][3]. Group 1: Product Features - The GC15 model is designed with three key features: Super Power, Super Efficiency, and Super Safety [3]. - It is equipped with a 704 kWh high-performance battery from CATL, achieving a peak power output of 500 kW and a peak torque of 4800 N·m, with a range of 600 kilometers on a single charge [3]. - The aerodynamic design of the GC15 results in a drag coefficient of only 0.365, leading to enhanced energy efficiency [3]. Group 2: Safety and Reliability - The vehicle's structure utilizes Q700 high-strength steel, increasing overall strength by over 13% and reducing weight by 10% [5]. - The GC15 meets the latest EU regulatory requirements for vehicle information security through the implementation of a central safety gateway and domain controller design [5]. - The PIVOT series electric city buses have demonstrated reliability, with over 400 units operating in 25 cities across eight EU countries, averaging over 350,000 kilometers per vehicle [5]. Group 3: Market Strategy - King Long Bus aims to strengthen its presence in the European market, viewing the "14th Five-Year Plan" period as crucial for competing in high-end bus models [9]. - The company acknowledges the narrowing gap in manufacturing processes between Chinese bus manufacturers and leading European brands, emphasizing the need for continuous improvement in product quality [11]. - King Long Bus is focusing on systematic upgrades across product development, manufacturing processes, supplier selection, and after-sales service to enhance its competitiveness in the European market [11]. Group 4: Production Innovations - The company has sold 25,000 electric light commercial vehicles, with the newly launched GECKO model featuring a streamlined design and modular architecture [7]. - Innovations in production processes have significantly reduced the amount of sheet metal used in manufacturing, indicating a commitment to efficiency and quality [14]. - The emphasis on "four modernizations" (generalization, serialization, platformization, and standardization) aims to improve component compatibility and production efficiency [12]. Group 5: Future Outlook - King Long Bus is committed to enhancing its brand influence globally by focusing on high-value products and leveraging opportunities in the international market [16]. - The company is determined to maintain high product quality as the foundation for its overseas market development [16].

Core Viewpoint - The bus industry, particularly in the context of passenger travel, is experiencing an irreversible trend towards high-end offerings, with Yutong's new high-end S series model, the Tianyu S12, exemplifying this shift [1][4][20]. Industry Trends - In 2024, domestic travel in China is expected to reach 5.615 billion trips, with total tourism revenue projected at 5.75 trillion yuan, reflecting a 1.9% year-on-year increase in per trip spending [5]. - The demand for diverse, personalized, and high-quality travel experiences is on the rise, driven by new tourism models such as small group tours and customized travel [5][7]. Company Strategy - Yutong has proactively anticipated the market's demand for high-end products and has strategically positioned itself in the high-end segment since the early 2000s, breaking the monopoly of joint venture brands in this market [8][9]. - The company has launched several high-end models, including the ZK6120 series, Shenyingjian, Xiaoyaojian, and others, rapidly capturing market share and establishing a strong presence in the high-end bus market [9][19]. Product Features - The Tianyu S12 features the highest vehicle height in the industry at 3.815 meters, the largest window area at 18.4 square meters, and a spacious storage capacity of 12 cubic meters, providing a luxury experience comparable to high-end passenger vehicles [15][18]. - The bus includes wide seating arrangements and sofa-style airline seats, enhancing passenger comfort and privacy, along with seamless dining services [15][18]. Market Position - Yutong currently holds a market share of approximately 55% in the medium and large bus market, and over 80% in the high-end bus market, demonstrating its commitment to user-centered design and market penetration [19].