Is Yutong Group a state-owned enterprise?

Yutong Group is not a state-owned enterprise, but a private enterprise. According to Aiqi official website's inquiry, zhengzhou yutong Group Co., Ltd. is an enterprise controlled by Zhengzhou Tongtai Hezhi Enterprise Management Center (limited partnership), with 85% of the shares. Because Zhengzhou Tongtai Hezhi Enterprise Management Center (Limited Partnership) is an individual partnership, Yutong Group is a private enterprise. Yutong Group is headquartered in Zhengzhou, China. Yutong is a large commercial vehicle group mainly engaged in buses and trucks. Its products cover buses, trucks, special vehicles, sanitation equipment and construction machinery. Yutong Bus, as the core business of the Group, is a leading enterprise in China bus industry, integrating research and development, manufacturing and sales of bus products, and its products mainly serve the market segments such as public transport, passenger transport, tourism, groups, school buses and special trains.