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Valeo Group, one of the world’s leading automotive suppliers, is set to make significant purchases in the coming period, creating substantial business opportunities for local vendors. With annual sales exceeding 10 billion euros, the company operates 140 manufacturing facilities across 25 countries, showcasing its global footprint. Last year, Valeo invested heavily in establishing a state-of-the-art technology research and development center in the Wuhan Development Zone, as well as launching Valeo Lighting Company. This move highlights the company’s commitment to innovation and localized production.
This time, Valeo has brought in eight of the world’s top automotive manufacturers to Seoul for procurement meetings, signaling a major shift in its sourcing strategy. The group’s chairman recently revealed that Wuhan will serve as Valeo’s next global procurement hub, emphasizing enhanced localized technology development and product design. This strategic move aims to strengthen its global presence and better meet regional market demands.
In addition to Valeo, dozens of other automotive companies, including German automaker Volkswagen and Japanese firms such as Mizuho Bank and Mitsubishi Bank, are also expected to place large orders for automotive parts and components this month. This surge in procurement activity reflects growing confidence in the region’s manufacturing capabilities and supply chain efficiency. As more international players look to expand their operations, the automotive industry in China is poised for continued growth and collaboration.