According to Ali Haydar Bozkurt, who is the CEO of ALJ Turkey and also chairs BYD Turkey, Toyota Turkey and the Automobile Distributors and Mobility Association, most of the Chinese manufacturers will close their doors in the next 10 years.
The automobile market in Turkey has been going through a major change recently. While the demand for electric cars is increasing, automobile manufacturers from many different countries, especially China, are trying to find a place for themselves in this market.
Chairman and CEO of ALJ Turkey, which is the distributor of Japanese Toyota, Lexus and Chinese BYD in Turkey. Ali Haydar Bozkurt, He made remarkable statements about Chinese companies.
Bozkurt: “80% of Chinese brands will disappear within 10 years”
Bozkurt, in his statements, said that there are people who have just entered Turkey or will enter in 2024. to Chinese manufacturers He stated that these brands will try to steal customers from existing companies in the market. Bozkurt, who also shared his own expectations, “My expectation is that within 5-10 years 80 percent of Chinese brands will disappear. While 15 of the remaining 20 percent will be in the local market, only 5 will be opened to the world. 5-6 of them come to Europe. “It won’t exceed that number.” he said.
In fact, this means that Chinese manufacturers will completely disappear from the market. may not come. When automobiles first started to be produced, the number of businesses trying to make their own automobiles was quite high. Over time, competition eliminated most of these companies. Bozkurt’s statements may indicate a similar process. Additionally, companies may choose to merge rather than disappear.