Valeo's strategy focuses on two areas:
- innovative technologies related to the reduction of C02 emissions and intuitive driving
- geographical expansion in high growth regions, specifically in Asia and emerging countries
Innovating to reduce CO2 emissions
The CO2 legislation in place in all regions of the world, with ambitious objectives for 2020, will influence automakers’ choice of technologies to develop.
A priority for automakers and consumers
With the information now readily available, consumers are aware of the level of emissions of vehicles and their fuel consumption. In addition, there has been a rise in fuel prices and the introduction in some countries of systems to encourage people to buy low-emission vehicles.
Reducing CO2 emissions is a priority for Valeo’s innovations
The principal technological developments that our R&D teams are working on aim to reduce vehicle fuel consumption. This is achieved by increasing internal combustion engine performance, using electric propulsion systems, reducing the energy consumption of the various systems, and reducing the weight of parts.
All these solutions perform effectively on numerous vehicles equipped with Valeo technologies. These include the following systems that are particularly popular with automakers and drivers alike:
- Stop-Start, which stops the engine when the vehicle is stationary (at a red light, for example), increasing fuel efficiency by up to 15% in congested urban conditions with a full load.
- More advanced hybrid solutions from the recovery of energy from braking to the ability to run the vehicle entirely off electricity for several kilometers.
- Optimized thermal management of electric vehicles.
- LED lighting, which consumes less energy, particularly for daytime running lights, and offers new styling possibilities for designers.
- Driving assistance systems, ranging from the detection of obstacles to fully automated parking, as well as systems that offer an aerial view around the vehicle, particularly useful during low-speed maneuvering.
DEVELOPMENT IN ASIA AND EMERGING COUNTRIES
The second underlying market trend is the shift in global automotive production from the western world to Asia, which has represented over 50% of vehicle production since 2012.
Automotive production in China was up 8% in 2014 and has more than doubled since 2007, with 23 million vehicles produced in 2014, representing 27% of global automotive production.
The shift in automotive production towards Asia and emerging countries is expected to continue over the coming years, in light of the economic growth outlook and low levels of car ownership in these regions. Valeo estimates that China could represent around one-third of the global automotive market by 2030.