The balance in the automotive industry has completely changed.

The balance in the automotive industry has completely changed.

27.03.2025 09:21

A chapter has closed in the global automotive giant. Following the decline of US and Europe-based automotive companies, China has taken the lead in global automotive sales. Abdurrahman Yazıcı evaluated how the recent developments will affect the entire world, including Turkey, with his guest Assoc. Prof. Dr. Mehmet Onur Genç on Haberler.com.

The most profitable companies in the automotive sector, which has become a branch of global trade wars, have been revealed. According to the latest data, China's BYD surpassed the American electric vehicle giant Tesla by achieving record annual revenue in 2024.

The Chinese electric vehicle manufacturer generated 777.1 billion yuan (107.2 billion dollars) in revenue in 2024, surpassing Tesla's reported revenue of 97.7 billion dollars last year. Thus, the Shenzhen-based company outpaced its competitor Tesla.

The balance in the automotive sector has completely changed

Mehmet Onur Genç, an Associate Professor at Bursa Technical University, was a guest of Abdurrahman Yazıcı on Haberler.com. Genç, who drew attention to the global changes in the automotive sector, emphasized that China has a significant share in the automotive industry. He also stated that the competition between Europe and the USA has increased, expressing that Turkey could play an important role in this process.

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