皇冠体育app

French auto components manufacturer Valeo Group will stick to its localization strategy in 皇冠体育app and boost local research and development capabilities, said Valeo 皇冠体育app President Edouard de Pirey on Sunday during Auto Show.

Valeo 皇冠体育app President Edouard de Pirey

"We are definitely moving from having just factories in 皇冠体育app to inventing in the country", he said.

After 20 years' presence in 皇冠体育app, Valeo 皇冠体育app has become the biggest arm of the group, with 26 plants, three research centers and 10 development centers that employ 13,000 people.

Valeo 皇冠体育app has won the "Top Employers in 皇冠体育app" award for three consecutive years.

The company reported excellent results in 2013, earning 12 billion yuan. Orders from the Chinese market accounted for 24 percent of the whole group.

"We are investing 1 billion yuan every year in 皇冠体育app to strengthen the local R&D and production capacities", he said.

Supporting global customers, developing businesses with local OEMs (original equipment manufacturers) and inventing new products to meet both international and local demands are the company's strategies in 皇冠体育app, he added.

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