Valeo is an automotive parts supplier and a partner to automakers worldwide. As a high-tech company, Valeo provides innovative smart mobility solutions to its customers, focusing on intuitive driving and CO2 emission reduction technologies. In 2016, the Group's sales reached 16.5 billion euros, with over 11% of original equipment manufacturer (OEM) sales invested in R&D. The Group operates 155 plants, 20 research centers, 38 development centers, and 15 distribution platforms across 32 countries, employing 91,800 people. Valeo is listed on the New York Stock Exchange and Euronext Paris, and is one of the constituent companies of the CAC-40 index on the Paris Stock Exchange.
Adhering to the philosophy of "Rooted in China, Serving China," Valeo's business in China is steadily expanding. As of the end of 2017, Valeo had established 34 production bases and 13 R&D centers in China, with 20,000 employees. China has become the country with the largest number of employees in the Group.
Guangzhou Valeo Engine Cooling Co., Ltd. was officially established in December 2007 and is a wholly-owned company of the Valeo Group in Guangzhou. The company mainly researches, develops, produces, and sells various automotive engine cooling systems and components, focusing on providing customers with front-end module products for automotive engine compartments through modular synchronized supply. As one of the few companies in China capable of synchronously supplying engine front-end modules, Guangzhou Valeo has enormous development potential in China.
China has become the world's largest automotive market, making it a key component of Valeo's growth and innovation strategy. For Valeo, driven by a new round of economic growth, OEM business is set to embrace new high-growth opportunities; the vehicle maintenance and after-sales service market also has a promising future.
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