Valeo Group (China)
Company Profile
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Business Overview
-The Valeo Group launched business in China in 1994.
-In 2019, Valeo Group's sales are up to EUR 19.48 billion.
- 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
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
Interior Controls
- Ultrasonic park assist systems
- Rain/light sensors
- Switches
Internal Combustion Engines
Self-driving electric delivery robot Valeo eDeliver4U
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. |
| Jul. 2018 | The Company siged contract with Valeo Simens eAutomotive Parts Germany to establish Fawer Valeo Simens aAutomotive Parts (Changshu) Co., Ltd. |
| Oct. 2018 | Valeo Simens Changshu new plant opened. |
| Oct. 2019 | Valeo Wuhan Technology Center completed the second-phase expansion. |
| Nov. 2019 | Suzhou Dongfeng Valeo Pyeong Hwa Clutch Co., Ltd. has started operations in the Suzhou Industrial Park in Jiangsu. |
Supplemental Information 1
>>>Business Report FY2005-FY2006
>>>Business Report FY2007-FY2008
>>>Business Report FY2009-FY2010
>>>Business Report FY2011
>>>Business Report FY2012
>>>Business Report FY2013
>>>Business Report FY2014
>>>Business Report FY2015
>>>Business Report FY2016
>>>Business Report FY2017
>>>Business Report FY2018
Note: A figure in brackets ( ) indicates a loss