Karsan, the world's technology-oriented mobility brand in next-generation public transportation, increased its turnover by 11% to 330 million Euros in 2025. Karsan, which generated 220 million Euros of turnover from electric vehicle sales, saw a 43% increase in its exports to 197 million Euros. Aiming to maintain its growth in Europe, Karsan plans to begin driverless autonomous public transportation operations in 2026. Stating that Karsan e-JEST and e-ATAK models preserve leadership in their segments in the European public transportation market, Karsan CEO Okan Baş said, "Türkiye is Europe's production base in bus & midibus manufacturing. Karsan conducted 80% of the electric minibus and bus exports from Türkiye to Europe between 2019 and 2025." Emphasizing that they aim to maintain their growth in Europe by boosting their EV sales in 2026, ranking among the top 5 players in Europe in the next five years, Okan Baş mentioned, "Of course, we are aware that our presence in the existing markets is not sufficient to achieve this target. Accordingly, we will expand into new markets. We will focus on some northern countries in 2026. We do not operate in the Netherlands, Sweden, Norway, or Germany. In these markets, we will first initiate our organizational structuring. We will also increase our strength in the Spanish and Polish markets we entered last year. We aim to expand our electric vehicle fleet in Europe to exceed 2,800 units, representing over 30% growth. Autonomous mobility is among our strategic focal points. We will concentrate on Europe with the 8-meter Autonomous e-ATAK, and on America with the 6-meter Autonomous e-JEST. In the autonomous mobility field, we have started our efforts to remove the safety driver from the vehicle. We aim to initiate fully driverless operations in Stavanger by Q3 2026. Towards the end of 2026, we will add another electric vehicle to the product range. We constantly strengthen our presence by expanding our product range and accelerating our development in technology."

Playing a leading role in transforming public transport globally with the vision of "One Step Ahead in the Future of Mobility", Karsan has left behind another successful year. Karsan, which has leveraged strong momentum in public transport with electric and autonomous vehicles, continues to strengthen its global presence through a vehicle park in 27 countries. The brand, which has made a significant contribution to the transformation of public transportation with over 2,100 electric vehicles, has set a higher target for 2026.

Karsan e-JEST and e-ATAK maintain leadership in Europe!

Noting that they completed the year 2025 with a turnover of 330 million Euros, Karsan CEO Okan Baş said "We increased our total turnover by 11% compared to 296 million Euros in 2024. Electric vehicles account for 220 million Euros of this figure. Thus, we enhanced our electric vehicle turnover by 59 million Euros. Our electric vehicle turnover, which delivered a significant growth of 37%, also accounted for 67% of our total turnover. Last year, we increased our export turnover by 43 % to 197 million Euros. We boosted our EBITDA from 32 million Euros in 2024 to 54 million last year." Mentioning that they, as Karsan, focus on three technologies: electric, autonomous, and hydrogen, Okan Baş continued:

"Since 2021, we have had presence in the market with our 6-8-10-12 and 18-meter full-electric product range. In the European urban electric public transport market, which grew by 39% last year, we could advance one position. In 2025, we increased our market share in Europe by 0.5 points to 5%. Thus, we rose from 8th to 7th in the ranking. During this period, e-JEST became the leader in the electric public transportation minibus market with 30% share, while e-ATAK secured a 25% share, leading the electric midibus class. Karsan e-JEST, which was the leader of its segment for the first time in 2020, has not ceded this title to any of its competitors for 6 years. In 2025, our 10-meter e-ATA model became the leader in the 10-meter electric bus market in Europe by gaining a share of 26%.”

Goal: Increasing the share of exports in turnover to more than 70%!

Underlining that they have ranked among the top four in nine countries across Europe, Okan Baş said, "In this regard, we are the market leader with 34% in Romania and 50% in Croatia. Karsan is the second brand with 12.5% in Italy and 19.5% in Bulgaria. In addition, we are among the third brands in France, Portugal, and Greece, and the top four in Poland and Switzerland." Stating that their brand is the pioneer and leader of the Turkish electric public transportation market, Karsan CEO Okan Baş said: "In 2025, 69 electric public transport vehicles were sold in Türkiye. We, as Karsan, sold all of these. A total of 139 Karsan electric vehicles are deployed in Türkiye. Türkiye is also Europe's production base in bus and midibus manufacturing. Our country has produced one out of every two buses in Europe. Karsan conducted 80% of electric minibus and bus exports from Türkiye to Europe between 2019 and 2025. In 2025, we increased our electric vehicle exports by 15%, reaching 555 units. As of today, the part of our exports in our total turnover is nearly 60%. We intend to raise this rate to more than 70% in three years."

Autonomous e-JEST goes to the World Cup!

Asserting that Karsan's global electric vehicle park has reached 2,130 units, Okan Baş stated, "As of today, our electric vehicles continue to carry passengers in 27 countries on three continents. In 2025, we expanded EV fleet by 40%, winning 40% of tenders. We have operational experience with autonomous mobility: 16 projects in 12 countries with Autonomous e-ATAK, 12 implemented, 4 upcoming, totaling 160,000 km and 60,000 passengers. Autonomous e-JEST leverages four years of e-ATAK experience and seven years of e-JEST operations. After launch, we received 10 USA orders, to be delivered in H2 2026 for the World Cup."

We have reached 65% of our sales target!

Unveiling Karsan's goals for 2026, Okan Baş said, "With 60 years in automotive and 2,500 employees, we focus on electric sales, targeting 80% of total sales and maintaining 5% market share. We aim for top five in Europe within five years. We will expand into northern countries and strengthen Spain and Poland. 65% of 2026 target met with confirmed orders; aiming to sell ~700 electric vehicles, boosting European sales to over 2,800 units, a 30%+ increase. Autonomous mobility remains a focal point: 8-meter Autonomous e-ATAK in Europe, 6-meter Autonomous e-JEST in America. Key points: removing safety driver and Type approval; aiming for fully driverless operations in Stavanger by Q3 2026. We will add another electric vehicle by year-end. Hydrogen technology is expected to capture 10% of the bus market; strategic partnership with Toyota continues, with 2 vehicles sold to Italy last year and 3 new orders received. Growth will continue step by step."

Additional notes to editors:

Dear Esteemed Partner,

We are pleased to share 2025 outcomes and 2026 goals of Karsan.

Press Kit: https://www.karsan.com/en/press-kit-2025

Kind regards,

Yagmur Ortac

Marketing Communications Responsible

Yagmur.ortac@karsan.com.tr

Images and Logo: https://we.tl/t-5FNvkpFkTu

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