Valeo's China sales to automakers rise 28% in 2014
Valeo SA's sales to automakers in China jumped 28 percent last year to 1.37 billion euros (9.6 billion yuan), following the company's stepped-up investments in that market.
The French supplier's 2014 China sales accounted for 13 percent of its global sales, and that percentage is destined to grow. New orders generated in China last year accounted for 24 percent of Valeo's global order intake.
Valeo has 26 factories in China that produce powertrain, lighting, heating and cooling components. It also has seven factories under construction in China, which became its largest market in 2014.
To maintain growth, the company has been investing 1 billion yuan annually in China.
Last June, for example, Valeo's joint venture with Huayu Automotive Systems Co. opened an 80,000-square-meter plant in Shanghai that produces starters and electrical generators.
Valeo has 26 factories in China that produce powertrain, lighting, heating and cooling components. It also has seven factories under construction in China, which became its largest market in 2014.
To maintain growth, the company has been investing 1 billion yuan annually in China.
Last June, for example, Valeo's joint venture with Huayu Automotive Systems Co. opened an 80,000-square-meter plant in Shanghai that produces starters and electrical generators.
