Valeo Group (China)

Company Profile

■URL

http://www.valeo.com.cn/

■Address

33 Floor, B Block, New Caohejing Business Center, No.391, Guiping Road, Caohejing Hi-Tech Development Park, Shanghai, China

Business Overview

-The Valeo Group launched business in China in 1994. It now operates 30 production sites, 13 R&D centers in China as of 2016.

-In 2016, Valeo Group's sales is up to EUR 16.5 billion. OEM sales is up to ERU 14.4 billion, 87% of Group sales.  Sales in China accounts for 14% of Group sales, orders accounts for 28% of the total orders of the Group; OEM sales in China is 22% increase than previous year, 8% points  higher than the market.

- The Group conducts its business in nine operating segments for the following four business areas in China:

1. Comfort and Driving Assistance Systems
-Interior Controls
-Interior Electronics
-Driving Assistance

2. Powertrain Systems
-Electrical Systems
-Transmissions Systems
-Electronics
-Combustion Engine Systems

3. Thermal Systems
-Climate Control
-Climate Control Compressors
-Powertrain Thermal Systems
-Front-end Modules

4. Visibility Systems
-Lighting Systems
-Wiper Systems


- The Company is the leader in producing and selling alternators and starters in China. It is also one of the largest suppliers of wiper systems.

Products

Wiper Systems
- Wiper systems
- Wiper blades
- Wiper linkages
- Window washer systems
- Wiper motors
- Wiper parts

Lighting Systems
- Head lamps
- Rear combination lamps
- Turn signal lamps
- Fog lamps
- License plate lamps
- Brake lamps
- Reading lamps
- Daytime running lamps

Engine and Electrical Systems
- Starters
- Alternators
- Retarders

Engine Cooling systems
- Engine cooling modules
- Evaporators
- Condensers
- Super charger inter coolers
- Radiators
- Cooling fans

Climate Controls
- HVAC modules
- Air condition systems
- Heaters
- Heater Cores

Compressors
- Air condition compressors

Transmissions
- Clutch systems
- Torque converters

Security Systems
- Security system remote controls
- Door locks
- Keyless entry and start systems
- Immobilizers
- Steering column locks
- Key cylinders
- Handle knobs

Interior Controls
- Ultrasonic Park Assist Systems
- Rain/Light sensors
- Switches

Internal Combustion Engines

History

June 1994 Valeo Wenling Automotive Systems Co. Ltd. was established in Zhejiang Province and began manufacturing wiper systems.
July 1994 Valeo Automotive Air Conditioner Hubei Co., Ltd. was established to manufacture car air conditioning systems in Shashi, Hubei Province.
Aug. 1994 Valeo established Valeo Group China in Beijing, which will function as the Group's regional headquarters in China. 
Oct. 1994 FAW-Zexel Climate Control Systems Co., Ltd., was established in Changchun.
1995 Valeo and SAIC Motor jointly established Shanghai Valeo Automotive Electrical Systems Co., Ltd. to manufacture starters and alternators.
1995 Valeo established a joint venture, Hubei Valeo Auto Lighting Co., Ltd., to manufacture automotive lamps in Wuhan City.
June 1996 Valeo and Shanghai STEC Transportation Electric Co., Ltd. (STEC) jointly established Valeo Shanghai Automotive Electric Motors & Wipers Systems Co., Ltd.
Dec. 1996 Huada-Zexel Automotive Air Conditioner Co., Ltd. was established in Loudi City, Hunan Province.
1997 Valeo and Nanjing Automobile Group jointly established Nanjing Valeo Clutch Co., Ltd. to manufacture clutches.
June 2004 R&D center was established in Wuhan for developing automotive lighting systems.
Dec. 2004 Telma established a wholly owned subsidiary, Telma Vehicle Braking Systems (Shanghai) Co., Ltd., to manufacture retarders in Shanghai.
Jan. 2005 Valeo made Valeo Wenling Automotive Systems Co. Ltd. its wholly owned subsidiary by acquiring 100 percent of the share capital held by its joint venture partner.
Mar. 2005 Valeo made Zexel Valeo Climate Control (ZVCC) and Valeo Zexel China Climate Control SA (VZCCC) its wholly owned subsidiaries by acquiring the remaining shares held by Bosch Automotive System.
April 2005 Valeo Thermal Systems and Fawer Automotive Parts jointly established Valeo Fawer Compressor (Changchun) Co., Ltd.
May 2005 Valeo provided 100 percent of the capital needed to establish Valeo Automotive Security Systems (Wuxi) Co., Ltd. to manufacture security systems in Wuxi.
Dec. 2005 Valeo established Shenzen Valeo Interior Controls Co., Ltd. to manufacture switches and detection systems in Shenzhen, Guangdong Province.
Jan. 2006 Valeo provided a 100 percent capital and established Valeo Automotive Transmissions Systems (Nanjing) Co., Ltd. to manufacture torque converters in Nanjing.
Mar. 2006 Valeo and Ichikoh Industries, Ltd. jointly established Foshan Ichikoh Valeo Auto Lighting Systems Co., Ltd. in Foshan, Guangdong Province.
July 2006 R&D center was established in Shanghai for developing car air conditioning systems.
Dec. 2007 Valeo established Guangzhou Valeo Engine Cooling Co., Ltd, a wholly owned subsidiary to manufacture engine cooling modules in Guangzhou. 
July 2008 Established Hubei Valeo Auto Lighting Co., Ltd. Foshan Branch, a wholly owned subsidiary to manufacture fog lamps, in Foshan, Guangdong Province.
Mar. 2009 Changed the company name of FAW-ZEXEL Climate Control System Co., Ltd. to Faw-Valeo Climate Control Systems Co., Ltd.
Mar. 2009 Established Valeo Engine Cooling (Foshan) Co., Ltd., a subsidiary to produce engine cooling systems in Foshan, Guangdong Province.
Nov. 2009 Acquired the remaining shares in Valeo Fawer Compressor (Changchun) Co., Ltd., making it into its wholly owned subsidiary and renaming it Valeo Compressor (Changchun) Co., Ltd.
Mar. 2010 Sold Telma Vehicle Braking Systems (Shanghai) Co., Ltd., one of its non core businesses.
  Oct. 2010 Valeo Niles (Guangzhou) Electronics Co., Ltd. was established.
  Apr. 2011

Set up an electric technical center in Shenzhen. Meanwhile, Shenzhen plant expansion project was finished.

  Jul. 2011 Acquired Niles from RHJ International SA.
 Nov. 2011 Acquired 80% shares of the Chery Group's Ruby Lighting.
Valeo Automotive Air Conditioner Hubei Co., Ltd. Guangzhou Branch was established.
 May 2012 Guangzhou Valeo Niles Motor plant was opened.
 Aug. 2012 Valeo Wenling Automotive Systems Co. Ltd. Shanghai Branch was established.
Valeo Automotive Air Conditioner Hubei Co., Ltd. Powertrain Heating System Branch was established.
 Jan. 2013 Valeo Automotive Air Conditioner Hubei Co., Ltd. Tianjin Branch) was established.
 May 2013 Shenyang Valeo Pyeong Hwa Transmission Systems Co, Ltd. was established.
 Jun. 2013 Wuxi Valeo Automotive Components Systems Co., Ltd. Shanghai Branch was established.
 Nov. 2013 Wuxi Valeo Automotive Components Systems Co., Ltd. was established.
 Dec. 2013 Valeo Engine Cooling (Foshan) Co., Ltd.) Yantai Branch was established.
 Jun. 2014 Valeo Friction Materials (Nanjing) Co., Ltd. was established.
 Jul.  2014 Valeo Engine Cooling (Foshan) Co., Ltd.) Sanshui Branch was established.
 Nov. 2014 Valeo Automotive Air Conditioner Hubei Co., Ltd. Changchun Branch was established.
 Jan. 2015 Beijing Siemens  Automotive e-drive Systems Co., Ltd. Changzhou was established.
 Jul. 2015 Valeo Interior Controls (Shanghai) Co., Ltd. was established.
 Nov. 2015 Guangzhou Valeo Engine Cooling Co., Ltd. Wuhan Branch was established.
 Jan. 2016 Changshu Valeo Automotive Wipers Systems Co., Ltd. was established.
 Apr. 2016 Foshan Valeo Electronic Auto Parts Co., Ltd. was established.
 Jun. 2016 Siemens  Automotive ePowertrain Systems (Shanghai)Co., Ltd. was established.
 Jul. 2016 Siemens  Automotive ePowertrain Systems (Shanghai) Co., Ltd. Tianjin Branch was established.
Guangzhou Valeo Engine Cooling Co., Ltd. Tianjin Branch was established.
 Aug. 2016 Valeo Siemens  eAutomotive Systems (Shenzheni)Co., Ltd. was established.
 Sep. 2016 Valeo China R&D center settled in Wuhan Development Zone. The new center will become the Group’s comprehensive R&D facility in China based on Valeo Lighting Systems Hubei Technical Center as a founding body.
 Nov. 2016 Changshu Valeo Automotive Wipers Systems Co., Ltd., Valeo's new subsidiary, began operations.
 Apr. 2017 Valeo began operations of Valeo China Technical Center, a new and the largest R&D center in central China.

Supplemental Information 1