Valeo Overview
Company Headquarters: France
Founded: 1923
Workforce: ~ 109,900
Company Working: Valeo is a global automotive supplier and partner to manufacturers. As a technology company, it develops novel solutions for smart transportation, with a special emphasis on intuitive driving and lowering CO 2 emissions. The company supplies auto parts in four business segments: comfort and driving assistance, powertrain systems, thermal systems, and visibility systems. In comfort and driving, the firm creates technology aimed at more autonomous and automated driving experiences. The powertrain segment produces full electrification solutions for urban cars and hybridization systems for all vehicles. Within the thermal area, Valeo manufactures car HVAC systems, engine and battery temperature management devices, and air-quality control solutions. The visibility division is responsible for the production of interior and exterior car lights as well as windscreen wipers. Valeo's operational profits are distributed uniformly across all of its business sectors. It has 187 plants, 65 research and development centers, and 15 distribution platforms in 33 countries across the globe. The company has operations in the U.S, Europe, Asia, France, and Africa.
Strategy
Valeo has launched the Move Up plan, a strategy for 2022-2025 period for cleaner and safer mobility. Valeo’s growth model is based on the four megatrends shaping tomorrow’s automotive industry like acceleration of electrification, acceleration of ADAS, reinvention of the interior experience, and lighting everywhere. The company looks forward to increasing its product offerings for automotive engine cooling systems and collaborating with major market companies. It will focus on increasing its reseller partners to expand its geographic reach and increase its share in the global market.
