Core Insights - Valeo has secured three key orders in the Chinese market, focusing on electrification, thermal management, and smart cockpit technologies, which has garnered significant attention in the industry [1][10] Company Overview - Founded in 1923, Valeo is a French automotive parts giant, ranked 13th among global suppliers in 2025, specializing in electrification, automation, and smart solutions, with annual sales exceeding €22 billion, and China contributing 17% of its revenue, making it the largest single market [2] Financial Performance - Valeo has faced challenges in recent years, with a 4.1% year-on-year decline in sales to €10.66 billion in the first half of 2025, and a 26% drop in net profit to €104 million, attributed to weak demand and a €750 million loss from currency fluctuations [3][4] - The company has revised its full-year sales forecast for 2025 from €21.5 billion to €20.5 billion due to market conditions, including declining automotive production and sales, currency weakness, and geopolitical uncertainties [4] Market Environment - The competitive landscape in China has intensified, with local competitors like Huawei and Horizon Robotics impacting Valeo's market share, leading to an 8% decline in sales to local OEMs in 2024, which is significantly lower than the growth rate of the Chinese new energy vehicle market [4][5] Technological Innovations - Valeo's recent projects include an external active grille shutter set to launch in July 2026, featuring a new 4Nm torque motor platform that enhances vehicle performance by optimizing airflow based on various parameters [6][10] - The "five-in-one integrated power electronic module" is another notable project, which integrates multiple technologies to achieve approximately 20% weight reduction, supporting the development of next-generation electric drive systems [6][7] Localization Strategy - The panoramic head-up display (P-HUD) system, developed in collaboration with a leading Chinese automaker, transforms the windshield into a virtual interactive screen, showcasing Valeo's ability to rapidly execute projects in the Chinese market [8][9] - Valeo's local R&D center in Jingzhou and its factory in Foshan play crucial roles in its supply chain, enabling efficient product development and collaboration with upstream partners, thus enhancing its competitive position in the fast-evolving automotive landscape [9][10]
接连斩获中国车企三大新业务 这家百年外企能否逆市翻盘？
Nan Fang Du Shi Bao·2025-08-19 16:33