Valeo's development history in China

The CEO of Valeo Intelligent Systems said: One out of every three new cars in the world is equipped with Valeo's advanced driver assistance related technologies and products. Valeo entered the Chinese market in 1994 and established its China headquarters in Shanghai in 2013. In 2023, Valeo's overall sales in China will reach 30 billion yuan, a year-on-year increase of 10.4%. Currently, Valeo has 35 factories, 14 R&D centers and more than 18,000 employees in China, including more than 4,500 R&D personnel. It has 175 production bases and 66 R&D centers worldwide.