The car market in Turkey has undergone a major change recently. As the demand for electric cars increases, car manufacturers from many different countries, especially China, are trying to find a place for themselves in this market.

Chairman and CEO of ALJ Turkey, 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 said in his statements 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 this will happen within five to ten 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 will not exceed that number.” he said.

In fact, this means that Chinese manufacturers will disappear from the market completely. may not come. When cars were first produced, the number of companies trying to make their own cars was quite high. Over time, competition eliminated most of these companies. Bozkurt’s statements may indicate a similar process. Moreover, companies can choose to merge instead of disappearing.