Daiichi Elektronik, in which Karel holds a 54% controlling stake, has signed a new international agreement to expand its market share in the automotive electronics segment. Under the terms of the contract, Daiichi will manage the advanced engineering, technical verification, and serial manufacturing phases for a global automotive brand.
Karel, which executes its electronic board and systems manufacturing operations at a 35,000 m² facility in the Ankara Sincan Organized Industrial Zone, is a Doğan Holding company listed on Borsa Istanbul under the ticker KAREL. Operating across a global network including Turkey, China, Italy, India, Brazil, and Uzbekistan, Daiichi develops in-vehicle infotainment, navigation, and smart connectivity matrices for more than 50 automobile models worldwide.
Transformation of Electronic Systems in Automotive Technologies
Evaluating the impact of the new project nomination on the company's growth ratios and industrial penetration, Karel General Manager Altay Doğu shared the following statements regarding their strategic targets:
As Karel, we continue to scale our engineering competence and technology development power developed over many years to create value in different sectors. This new project received by Daiichi in the field of automotive electronics demonstrates the potential of our engineering background, quality approach, and technological competencies to transform into new opportunities in different markets. With this strategic collaboration, which we project to create a business volume of 100 million dollars over the next 5 years, we aim to strengthen Daiichi’s position in automotive electronics and contribute to Karel’s growth journey focused on technology, engineering, and innovation. The transformation of electronic systems in automotive technologies requires a strong R&D infrastructure, expertise, and high quality standards. With our capabilities, we will determinedly continue to develop value-creating solutions at global standards for our business partners in different sectors in Turkey and worldwide, just as we have been doing for 40 years.
