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Tuesday, October 8, 2024

Wrightbus Shares Update on Ongoing Growth

Wrightbus: Leading the Charge in the UK Bus Sector

Wrightbus, the renowned bus manufacturer based in Ballymena, Northern Ireland, has recently unveiled impressive data showcasing its sustained growth in the UK bus sector. As the leading bus manufacturer in the UK, Wrightbus has captured a remarkable 40 percent market share, delivering an impressive 22 buses to operators each week throughout 2024. This achievement not only highlights the company’s dominance in the domestic market but also underscores its commitment to innovation and sustainability.

A Record-Breaking Year

Wrightbus has been recognized as the fastest-growing bus manufacturer in both the UK and Europe. In a remarkable display of production prowess, the company has registered 786 buses so far this year—250 more than its closest competitors. This figure is particularly striking when compared to Chinese-owned firms like Volvo and BYD, with Wrightbus outpacing them by a staggering 500 registrations.

Among the various models produced, the double-decker electric vehicle has emerged as the star of the lineup, boasting 598 registrations. The single-deck version has also made a significant impact, with 164 registrations. Notably, August marked a historic milestone for Wrightbus, as a record-breaking 142 buses rolled off the production line in a single month, showcasing the company’s robust manufacturing capabilities.

Expanding Horizons

The impressive registration figures do not account for the hundreds of buses that Wrightbus has manufactured for clients in Europe and the Far East. Additionally, the company has a burgeoning order book for its innovative repowering service, New Power, which aims to retrofit existing buses with electric technology, further enhancing its commitment to sustainability.

Wrightbus’s recent achievements are further amplified by its largest order to date: a monumental contract to supply 1,500 electric buses to Go-Ahead in the UK. This landmark deal not only solidifies Wrightbus’s position as a leader in the UK market but also reflects the growing demand for environmentally friendly public transport solutions.

A Vision for the Future

Wrightbus CEO Jean-Marc Gales expressed his enthusiasm for the company’s current trajectory, stating, "The factory is an incredible place to be at the moment. A record 142 buses in August and we have broken through the 2,000-employee barrier." This growth in workforce is a testament to the company’s expanding operations and its pivotal role in the UK bus manufacturing landscape.

Gales further emphasized Wrightbus’s commitment to environmental sustainability, stating, "Our ambition from day one has been to reduce the environmental impact of public transport – slashing emissions in our towns and cities quicker than any other industry – and we will remain committed to investing in the best technology to develop even more efficient solutions." This forward-thinking approach positions Wrightbus not only as a manufacturer but as a key player in the global movement towards greener public transport.

Conclusion

Wrightbus’s impressive growth in the UK bus sector is a testament to its innovative spirit and commitment to sustainability. With a significant market share, record production numbers, and a focus on electric vehicles, the company is well-positioned to lead the charge in transforming public transport. As it continues to expand its operations and invest in cutting-edge technology, Wrightbus is not just building buses; it is shaping the future of public transportation in the UK and beyond.

As the demand for eco-friendly transport solutions grows, Wrightbus stands at the forefront, ready to meet the challenges of tomorrow while delivering on its promise of a cleaner, greener future for public transport.

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