Groundbreaking Cooperation between Karsan andToyota Motor Europe in Hydrogen Technology!
Playing a pioneering role in transforming public transport to electric andautonomous vehicles worldwide with the vision of being "One Step Ahead in theFuture of Mobility", Karsan has taken another significant step in hydrogentechnology it has been producing since 2022. Karsan, which has started an
important cooperation with Toyota in fuel cell technology, plans to launch its firsthydrogen fuel cell-equipped vehicles in 2025. Stating that Karsan constantly strives
to offer its customers the best service, Karsan CEO Okan Baş said, "As Karsan,
our progress in advanced technologies continues unabated. We don't find being thepioneer in mobility sufficient, we continue to implement future-shaping
innovations, with the desire to achieve better.
Through this cooperation, we are proud to include Toyota, a global powerhousethat has proven itself in hydrogen technology, among our business partners.
Toyota, the Japanese automotive company, has more than 30 years of hydrogentechnology experience in road transport. Hydrogen is an environmentally friendly
and innovative technology. With e-ATA Hydrogen launched at the end of 2022, weexecuted our vision for cutting-edge technologies once more. Owing to this newpartnership, we will get stronger with outstanding Japanese technology,maintaining our claim in the field of hydrogen." Thiebault Paquet, Vice Presidentof Toyota Hydrogen Factory Europe stated: “We strongly believe that Hydrogen
will play a crucial role in future decarbonization of public transport. That’s why
we are more than happy to extend our cooperation and supply Karsan with ourFuel Cell Modules, together working towards a hydrogen society.”
Karsan, which revitalizes public transport worldwide using new-generation
technologies, continues to intensify its efforts based on R&D competency through newcollaborations with the leading partners in the sector. Offering service with over 1100
electric vehicles spread across 23 countries, particularly in Europe, with the vision ofbeing "One Step Ahead in the Future of Mobility", Karsan is also accelerating its

investment for hydrogen fuel cell models representing new generation technology in thesector.
We continue to implement the innovations that shape the future.
Karsan, which introduced its e-ATA Hydrogen model to the world, on the occasion of
the IAA Transportation Fair held in Germany in September 2022, has taken a crucial
step to strengthen its claim in hydrogen technology and advance further in this field. Aspart of this progress, the company signed a cooperation agreement with Toyota, one of
the world's leading automobile and technology manufacturers. Within the scope of thiscooperation, Karsan will constantly diversify its technological solutions by using
Toyota's Fuel Cell Module as an alternative in its hydrogen vehicles. Stating that Karsan
permanently strives to offer its customers the best service, Karsan CEO Okan Başsaid, "As Karsan, our progress in advanced technologies continues unabated. Beyond
being the pioneer in mobility, we always aim for the best through future-shaping
innovations, with the desire to achieve better. Accordingly, we keep our motivation to
be a brand offering our customers the most reliable and best-performing mobility
solutions with our being ‘One Step Ahead in the Future of Mobility’ vision."
Emphasizing their high pleasure due to the cooperation with a strong brand such asToyota, Okan Baş said,"Through this cooperation, we are very proud to include Toyota, a brand that has provenitself worldwide in hydrogen technology, among our business partners. Toyota, Japan's
giant industrial power, is known for more than 30 years of hydrogen technology
experience in a broad range from automotive to maritime transport, from trains to freighttransport. Hydrogen is an area we, as Karsan, consider a priority in environmentallyfriendly and innovative technologies. With e-ATA Hydrogen launched at the end of2022, we put this vision forward. Owing to this robust cooperation, we are taking ourclaim in the field of hydrogen even further by getting strength from Japanesetechnology." Thiebault Paquet, Vice President of Toyota Hydrogen Factory Europe
stated: “We strongly believe that Hydrogen will play a crucial role in futuredecarbonization of public transport. That’s why we are more than happy to extend ourcooperation and supply Karsan with our Fuel Cell Modules, together working towards
a hydrogen society.”

Latest generation Fuel Cell Modules (85 kW) to be used.
Toyota's fuel cell vehicles have proven their reliability, durability, and efficiency bycovering more than 20 million kilometers in total. As part of this cooperation, Karsan'shydrogen buses equipped with Toyota Fuel Cell Modules are expected to be released tothe market in 2025. Toyota assembles fuel cell systems at its facilities located inZaventem, Belgium.
About Karsan:With 58 years of experience in the Turkish automotive industry, Karsan produces for the world's leading
automotive companies, including its own brand, in its state-of-the-art facilities in the commercial vehicle segment.
Since 1981, Karsan has been producing commercial vehicles, and its factory in Hasanağa, Bursa has the capacity
to produce 20,000 vehicles in a single shift every year. The Hasanağa Plant, which is structured with the flexibility
to produce all kinds of vehicles from passenger cars to heavy trucks, minivans and buses, is located 30 km from
Bursa city centre on a total area of 203 thousand square metres, 99 thousand square metres of which is covered.
Karsan is the only independent multi-brand vehicle manufacturer in the Turkish automotive industry. In line withits vision of being one step ahead in the future of mobility, Karsan aims to take part in all segments of passenger
transport by developing new and derivatives of existing products with its business partners and licensors.
Continuing its activities to develop and launch "innovative products and services" in the public transport sector"from idea to market", Karsan aims to strengthen the main manufacturer/OEM business line in particular. Karsan
manages the entire automotive value chain, from R&D to production, marketing, sales, and after-sales activities.
Karsan produces Jest and Atak models under its own brand. In 2018, Karsan launched the e-JEST, followed bythe e-ATAK in 2019 which are the market leaders of Europe for 4 consecutive years. In 2021, in collaboration
with the technology company ADASTEC, Karsan developed the Autonomous e-ATAK, the world's first Level-4
automated bus. In the same year, it introduced the 10m, 12m, and 18m models of the born electric e-ATA family.
In 2022, Karsan released the e-ATA HYDROGEN model and becoming the first and only company in Europe tooffer a full e-range from 6 meters to 18 meters. As of 2022, Karsan also manufactures Megane Sedan cars for theRenault brand, and at the end of 2023, it became the first European bus manufacturer to enter the Japanese market
with its right-hand drive e-JEST model.
About Toyota:
Toyota Motor Europe NV/SA (TME) oversees the wholesale sales and marketing of Toyota, GR (Gazoo Racing)and Lexus vehicles, parts, and accessories, as well as Toyota’s European manufacturing and engineering
operations. Toyota directly employs over 27,000 people and has invested over EUR 10 billion in Europe since1990. Its eight European manufacturing plants are located in Portugal, the UK, France, Poland, Czech Republic
and Türkiye. Today, there are approximately 16.5 million Toyota, GR and Lexus vehicles on European roads,
whose drivers are supported by a network of 28 National Marketing and Sales Companies and around 2,800 retailsales outlets in 53 countries (EU, UK, EFTA countries + Israel, Turkey, and other Eastern European countries). In
2021, TME sold 1,076,300 vehicles in Europe for a 6.4% market share. For more information, visit Facts & Figures(toyota.eu) and www.toyota-europe.com.
Toyota believes that when people are free to move, anything is possible. In the pursuit of "Mobility for All", Toyota
aims to create safer, more connected, inclusive, and sustainable mobility to achieve its mission of producing“Happiness for All.” In Europe, TME launched the KINTO mobility brand which offers a range of mobility
services in 14 countries and is growing its business-to-business sales of zero-emission fuel cell products andengineering support. Contributing to the UN Sustainable Development Goals, Toyota is working to achieve carbon
neutrality in its entire business across Europe. A historic leader in CO2 reduction in Europe, TME aims to achieve
100% CO2 reduction in all new vehicles in Western Europe by 2035 and will continue to offer a full range ofelectrified powertrains to customers across the region with its hybrid, plug-in hybrid, battery and fuel cell electricvehicles. When it comes to sustainability, Toyota is committed to going Beyond Zero.