Valeo's automotive parts production base settled in Jiading, Shanghai

The construction of Valeo's automotive parts production base started on April 9 in Waigang Town, Jiading, Shanghai. The base mainly develops and produces key components such as autonomous driving cameras and lidar. The project is expected to achieve mass production in the first half of 2025, with a total investment of approximately RMB 2.9 billion. After reaching full production, the annual output value can reach RMB 2.5 billion.