Prof. Dr. İbrahim Güran stated that competition in the soft automotive sector will intensify and that Togg is facing challenging days ahead.

The host Abdurrahman Yazıcı welcomed Prof. Dr. İbrahim Güran Yumuşak, the Dean of the Faculty of Business Administration at Istanbul Sabahattin Zaim University, in the Haberler.com studio. The program addressed the global economic war, and the series of bankruptcy news from the automotive sector was also discussed.

During the program, host Abdurrahman Yazıcı reminded that the Swedish battery manufacturer Northvolt, which was established with great hopes against China's battery technology, has gone bankrupt due to financial problems. He asked Prof. Dr. Yumuşak why the U.S. entered such a risky war, noting that it has become certain that the global economic crisis will deepen after the new administration took office in the U.S.

"THE U.S. HAS MADE UKRAINE A PLAGUE FOR RUSSIA"

Prof. Dr. Yumuşak emphasized that the ongoing economic war is a struggle for leadership and effectiveness worldwide. He stated that the current global system was established by the U.S. after World War II and that the U.S. has entered a struggle to maintain its political and military power.

Highlighting that Europe's competition against China is fraught with significant challenges, Prof. Dr. İbrahim Güran Yumuşak continued his remarks: "The U.S. aims to eliminate Russia from the equation in a potential U.S.-China struggle by making Ukraine a plague for Russia, as competing with a China supported by Russia would be much more difficult."

"IT WILL BE DIFFICULT FOR TOGG TO COMPETE AGAINST CHINESE VEHICLES"

"No country other than China and the U.S. establishes an automotive industry for its domestic market. Large companies are struggling to transition to electric vehicle production. Togg's timing and its production as an electric vehicle is a very correct choice. There is a need for public intervention in the process. Togg emerged with such a collaboration. From now on, due to the shift of Chinese production to Turkey, competition in the automotive sector in Turkey will intensify. It will be quite difficult for Togg to compete against Chinese cars with just two models in the market. The progress made so far is successful. It will try to increase its chances of competition by rapidly increasing the number of models. The sector cannot develop or grow with just one automotive factory."