Valeo's 2024 sales target not achieved

Affected by the decline in high-voltage electric drive business, Valeo, a well-known French auto parts manufacturer, failed to achieve the sales target set at the beginning of 2024. Sales in 2024 fell 3% year-on-year to 21.49 billion euros. Its sales in China decreased by 6% year-on-year, and considering the impact of exchange rates, it actually decreased by 8%.