Valeo announces plans to bundle e-mobility divisions
The newly created company Valeo Power will gradually replace the former Valeo Thermal Systems and Valeo Powertrain Systems divisions. CEO of Valeo Power will be Xavier Dupont, who is also Valeo Group Executive Vice President.
This is not the only strategic change that the company is planning, as the ‘Valeo Comfort and Driving Assistance business group’ will be turned in to the ‘Valeo Brain division’, which will focus on developing software for vehicles, as well as the acceleration of advanced driving assistance systems (ADAS) “and the new opportunities they open for in-vehicle experience.”
Furthermore, the ‘Valeo Visibility business unit’ will be restructured into the ‘Valeo Light division’, which will focus on lighting systems and respective safety features: “The revolution of mobility supports the acceleration of lighting everywhere as electric and advanced vehicles offer new opportunities in terms of lighting design, functionality and personalization,” Valeo writes.
“Today is an important milestone in the story of Valeo with the creation of our new Valeo Power division, born from the merger of our former Powertrain Systems and Thermal Systems Business Groups,” said Christophe Périllat, Valeo CEO, adding: “As we further accelerate in electrification, our Valeo Power division will enable us to offer our customers technologies tailored to market expectations in terms of performance and cost. The new division will also contribute to our efforts to improve our competitiveness and financial performance.”
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