Solaris Bus & Coach Reports Strong Growth in 2024
Key Ideas
- Solaris saw a 4.7% increase in sales in 2024, delivering 1,525 vehicles and generating 927 million EUR in revenue, up by 13% from the previous year.
- 83% of Solaris' sales comprised low- and zero-emission vehicles, with 259 hydrogen buses delivered in 2024, capturing a 69% market share in the segment.
- The company secured orders for over 1,600 vehicles worth 1.4 billion EUR by the end of 2024, expanding into new markets like the United States and receiving industry recognition.
- Solaris reinforced its commitment to sustainability by introducing innovative practices such as implementing a battery passport for electric buses ahead of European regulations.
In 2024, Solaris Bus & Coach experienced significant growth in its operations. The company reported a 4.7% increase in sales compared to the previous year, delivering a total of 1,525 vehicles and achieving revenues of 927 million EUR, marking a 13% rise from 2023. Solaris continued its international expansion by securing its first contract in the United States.
Solaris maintained a strong market position with 83% of its sales consisting of low- and zero-emission vehicles. This included the delivery of 259 hydrogen buses, showcasing a 69% market share in the hydrogen segment. The company has been a key supplier of zero-emission buses in Europe since 2012, delivering a total of 3,074 units to date.
Notably, Solaris secured orders for over 1,600 vehicles valued at more than 1.4 billion EUR by the end of 2024, with highlights such as 96 electric buses for Transdev Nederland, 45 bi-articulated electric buses for Liège, and 22 hydrogen buses for Île-de-France Mobilités.
In the realm of recognition, Solaris' Urbino 18 hydrogen bus was named Bus of the Year 2025, marking a significant milestone for hydrogen vehicles. The company also focused on innovation by introducing new product developments and enhancing cybersecurity measures.
Moreover, Solaris demonstrated its commitment to sustainability by implementing a battery passport for its electric buses, promoting transparency in battery life cycles and responsible resource use. The company also conducted environmental assessments and published its fourth sustainability report, highlighting its dedication to green practices and compliance with modern standards.
Topics
Europe
Sustainability
Electric Vehicles
Market Expansion
Industry Recognition
International Markets
Solaris
Product Developments
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