Karsan Otomotiv Sanayii ve Ticaret : STRATEGIC COOPERATION BY KARSAN IN INDONESIA!

Strategic Cooperation by Karsan in Indonesia!

Karsan Has Signed Memorandum of Understanding for Electric Public Transport Transformation in Indonesia!

Offering high-tech mobility solutions with the vision of being "One Step Ahead in the Future of Mobility", Karsan continues its global initiatives without slowing down. Karsan, which has made successive collaborations in many different continents and countries within the scope of its growth strategy, recently took part in the B20 (Business 20) Summit in Bali. At the B20 Summit bringing global business leaders together to reflect the views and suggestions of the business world under the umbrella of the G20 formation, Karsan signed a memorandum of understanding with SCHACMINDO, one of the CREDO GROUP's affiliates and Indonesia's long-established companies, to evaluate export and SKD (Semi Knocked-Down) type production options for electric minibus and bus transformation in Indonesia. If the parties reach a final agreement, it is aimed that this cooperation plays an important role in the electric transformation of public transportation vehicles in the major cities of Indonesia, especially in Jakarta. Expressing his views on the subject, Karsan CEO Okan Baş said, "We have launched a joint project between Karsan and CREDO GROUP for the opportunities that may arise in line with the goals of Indonesia and TransJakarta, Jakarta public transportation company to convert the public transportation network with electric minibuses and buses by 2030. In line with this cooperation, we aim to realize the majority of the transformation of billion-dollar city Jakarta's electric public transportation and tens of thousands of vehicles, which is planned to be completed by 2030. We expect similar potential from other Indonesian cities like Jakarta."

Drawing attention with high-tech mobility solutions, valuable global collaborations and international awards it received, Karsan continues its cooperation efforts all over the world without slowing down. Finally, at the B20 (Business 20) Summit held in Bali in 2022 as an extension of the G20 summit, Karsan, which signed an important cooperation for the electric minibus and bus transformation in Indonesia, including export and SKD type (Semi Knocked Down) production stages, stands out again with the strategic step it has taken. Karsan signed a memorandum of cooperation with SCHACMINDO, a well-established Indonesian CREDO GROUP company, to support the transformation of the electric public transportation network in Indonesia, to produce and sell right-hand drive electric buses suitable for this market.

Making statements about the electric transformation in the field of public transportation in Indonesia, Karsan CEO Okan Baş said, "We have launched a joint project between Karsan and CREDO GROUP for the opportunities that may arise in line with the goals of Indonesia and TransJakarta, Jakarta public transportation company to convert the public transportation network with electric minibuses and buses by 2030. In line with this cooperation, we aim to realize the majority of the transformation of billion-dollar city Jakarta's electric public transportation and tens of thousands of vehicles, which is planned to be completed by 2030. We expect similar potential from other Indonesian cities like Jakarta."

"We would like to move forward with a 2-step- plan in this business opportunity that will contribute to the export of our country and the business volume between the two countries. First of all, we plan to realize the first sales of the vehicles with those produced in Turkey, and then, establishing an SKD type (Semi Knocked-Down) production facility, we aim to finalize the production of right-hand drive vehicles in Indonesia, which are mostly completed in Turkey, and we aim an advantage to be obtained in the sales to the neighboring countries. If we can achieve our goals, we, as Karsan, become very excited, as we'll successfully represent the Turkish automotive industry in this geography as well." Okan Baş said.

"We attract the attention of the world with the models and technologies we produce"

Emphasizing that they have attracted the attention of the world with the electric models they have developed and produced, Karsan CEO Okan Baş said, "A prestigious award such as the Sustainable Bus of The Year 2023, which we recently won with our 12-meter electric e-ATA model, as Karsan, actually shows that we are on the right path with our activities. Our Autonomous e-ATAK model, which broke new ground in Europe and North America and currently carries passengers in real road conditions, also continues to attract sector's attention in the same way. In the last 5 years, we started to compete in a totally-new league with our Karsan Electric Evolution strategy, with which we pioneer the transformation of electric mobility by starting with e-JEST, and keep going with e-ATAK, Autonomous e-ATAK, and finally with our 10-12-18 meter e-ATA models. As Karsan, we always work to be one step ahead in the mobility of the future both with our advanced technology models that we have developed and produced and with the pioneering role we play in the electric transformation of public transportation. With the effectuation of the cooperation in Indonesia, we aim to introduce our Karsan branded electric buses to many different markets from Malaysia to the Philippines, from Vietnam to Singapore."

About Karsan:

With 56 years of experience in the Turkish automotive industry, Karsan has been producing in its modern facilities for the world's leading brands, including its own brand, in the commercial vehicle segment since its establishment. Since 1981, Karsan has been producing commercial vehicles, and its factory in Hasanağa, Bursa has the capacity to produce ~20.000 vehicles per year in a single-shift work schedule. Designed with the flexibility to manufacture all kinds of vehicles, ranging from passenger cars to heavy trucks, minivans to buses, the Hasanağa Plant is located 30 km from Bursa city center, built on a total area of 203 thousand square meters, 99 thousand square meters of which is covered.

For more than 56 years, Karsan has been Turkey's only independent multi-brand vehicle manufacturer in the automotive industry. In line with its vision of being one step ahead in the future of mobility, Karsan aims to take part in all segments of passenger transportation by developing new and derivative products together with its business partners and licensors. Continuing its activities to develop and launch "innovative products and services" in the public transportation segment "from idea to market", Karsan aims to strengthen its Main Manufacturer/OEM business line in particular.

Karsan natively manages the entire automotive value chain, from R&D to production, marketing, sales and after-sales activities. Karsan produces Jest, Atak and Star models under its own brand. Karsan also produces and sells the 100% electric e-JEST and e-ATAK models as part of its cooperation with the world giant BMW, as well as the Level 4 driverless bus Autonomous e-ATAK model with the technology company ADASTEC, also e-ATA product family which includes 100% electric 10-12-18 meter e-ATA buses and 12-meter e-ATA Hydrogen. Karsan is currently producing 10-12-18 meter buses for Menarinibus, and will manufacture Megane Sedan automobiles for the Renault brand by the end of 2022. In addition to vehicle production, Karsan also provides industrial services at its factory located in the Organized Industrial Zone.