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Valeo Group, one of the leading global automotive suppliers, is set to make significant purchases in the coming years, opening up substantial business opportunities for local vendors. With annual sales exceeding 10 billion euros and a presence in 25 countries across 140 manufacturing facilities worldwide, Valeo continues to expand its footprint. Last year, the company invested heavily in establishing a state-of-the-art research and development center in Wuhan's Development Zone, along with launching Valeo Lighting Company. This move underscores its commitment to innovation and localized production.
This time, Valeo has invited eight of the world’s top automotive manufacturers to Seoul to explore procurement opportunities for parts and components. The group’s chairman recently revealed that Wuhan will become the next key hub for Valeo’s global procurement strategy. The company plans to enhance localized technology development and product design, further aligning with its long-term global expansion goals.
In addition to Valeo, several major automotive companies, including German automaker Volkswagen and Japanese financial institutions such as Mizuho and Mitsubishi, are also expected to place large orders this month. This trend highlights the growing importance of China’s automotive supply chain and the increasing interest from international players in tapping into the region’s manufacturing capabilities. As more global firms look to diversify their sourcing strategies, the demand for high-quality, cost-effective parts from local suppliers is expected to rise significantly.