Valeo expands in China
Apr 27, 2005 3:15 PM
News & Features From Auto Electronics
Committed to improving hybrid electric cars
New Motors for Hybrid Vehicles
Battery Firms Battle for Hybrid Hegemony
Innovative Bipolar Plates for Fuel Cells
See More Headlines
Top Articles
Exploring Current Transformer Applications
Ultracapacitor Technology Powers Electronic Circuits
Buck-Converter Design Demystified
Sensorless Motor Control Simplifies Washer Drives
PET Resources
Buyer's Guide
Conferences
Engineering Jobs
Power Electronics Events
Rent Our Lists
Spotlight on Digital Power
Automotive component supplier Valeo has signed a joint venture agreement with FAWER, the parts subsidiary of First Auto Works (FAW), China's largest automaker. The joint venture company, 60% owned by Valeo and located in Changchun, will manufacture air-conditioning compressors for Chinese and export markets.
Joint ventures are planned for the production of wiring systems and park assist sensors, according to Valeo chairman and CEO Thierry Morin. He said Valeo also plans to build a new facility in Wuxi for the manufacture of remote controls, immobilizers, locksets, steering column locks, latches and handles, one in Wuhan for production of engine control units in compliance with Euro 4 regulations, and one in Shanghai for retarders.
Morin said that last year Valeo increased its stakes in Shanghai Valeo Automotive Electrical Systems, Valeo Shanghai Automotive Electric Motors and Nanjing Valeo Clutch Company to 50% or more. Earlier this year it acquired full ownership of Valeo Zexel China Climate Control.
Acceptable Use Policy blog comments powered by Disqus
