French auto supplier Valeo showcases its latest technologies for smarter, safer and greener mobility at the 2023 Shanghai auto show. [Photo provided to chinadaily.com.cn]
Valeo, a century-old French auto supplier, is showcasing its latest technologies for smarter, safer and greener mobility at the ongoing Shanghai auto show.
The exhibited products include high-efficiency electric motors, intelligent lighting systems and thermal management solutions.
The new eDeliver4U, an autonomous and electric delivery droid equipped with Valeo’s cutting-edge innovations developed in China, is being displayed for the first time.
Zhou Song, president of Valeo China, stated at the auto show that China is Valeo’s largest single market, representing 18 percent of the group’s sales in 2022.
Valeo launched the Move Up plan in 2022, which identified four strategic development directions that align with market trends: electrification acceleration, ADAS acceleration, interior experience reinvention, and lighting.
These pillars are at the center of the evolution of the automotive industry in China. In the first year of implementation in China it has demonstrated strong results with a sales growth of 7 percent year-on-year, outperforming the market, and an order intake representing 2.2 times Valeo’s sales, according to Zhou.
Since its presence in China in 1994, Valeo has established 14 research and development centers with 4,000 engineers in the country, and it recently opened a Valeo China Innovation and Mobility Center in Beijing. A new center for innovation in ADAS is set to open soon in Shanghai.
“The group has always placed China in an important development position and will continue to increase investment in China. At Valeo China, we are proud to contribute to the group’s innovation, not only for the Chinese market but also overseas,” said Gu Jianmin, Valeo China’s CTO.