Karsan's Success Story and Ambitious Electric Vehicle Targets for 2025
Key Ideas
  • Karsan closed 2024 with a turnover of €296 million, 540 electric vehicle deliveries, and a 28% increase in profitability. It targets sales of 700 electric vehicles in 2025 with a projected global fleet of 2,200 units.
  • The company has been a leader in Türkiye's electric public transportation exports to Europe, ranking 8th in the European electric bus market in 2024 with significant market shares in various countries.
  • Karsan's e-Jest and e-Atak models maintained segment leadership, achieving 37% and 29% market share respectively. The company's global electric fleet surpassed 1,500 units across 27 countries.
  • CEO Okan Baş highlighted Karsan's focus on becoming a key player in the electric public transportation market and expanding into hydrogen and autonomous segments. The company aims for continuous growth and innovation to stay ahead in the industry.
Karsan ended 2024 on a high note, reporting a turnover of €296 million, 540 electric vehicle deliveries, and a 28% increase in profitability. Looking forward to 2025, the company aims to boost its electric vehicle sales to 700 units, forming a global fleet of 2,200 vehicles and targeting a turnover of €350–400 million, with a significant portion coming from electric vehicles. Karsan has been a prominent player in Türkiye's electric public transportation exports to Europe, achieving notable rankings in the European electric bus market. The company's e-Jest and e-Atak models have consistently led their segments, capturing substantial market shares. Expanding globally, Karsan's electric fleet now exceeds 1,500 units across 27 countries, with successful market entrances in regions like North America and Japan. Additionally, the company is actively involved in autonomous projects in various countries, with its Autonomous e-Atak model already operational in Norway. CEO Okan Baş outlined Karsan's strategies for 2025, emphasizing the goal of dominating the electric public transportation market while venturing into hydrogen and autonomous segments. The company aims to pioneer innovative technologies, diversify its product range, and stay ahead in the industry. With a vision to lead the market and drive change, Karsan is committed to continuous improvement and investment in new products and advanced technologies to shape the future of urban public transportation.
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