SHENYANG, Jilin – Shenyang Valeo Vehicle Light Co., Ltd. (Valeo Shenyang) produced its 1,000,000th vehicle lighting system on October 23, according to a report on Gasgoo.com.
Located in Shenyang Dadong Economic Development Zone, Valeo Shenyang began mass production in September 2013. Covering an area of 60,000 square meters, it is the largest vehicle light producer in the region.
Valeo has established 26 production bases and 10 R&D centers in China. The number of Valeo’s Chinese employees is the largest among its global workers, exceeding 15,000 this year.
Valeo plans to double its sales in China in every four years in the future.
In the first three quarters this year, Valeo achieved sales revenue of €3.1 billion ($3.9 billion), an increase of 6 percent. The company sales in China increased 25.3 percent in the first nine months, 20 percentage points higher than the industry average.