Valeo Lighting's Wuhan No. 2 Plant started production, with an annual output of 500,000 lights
At the groundbreaking ceremony, Ma Jianjian, general manager of Valeo Light (China) Automotive Lighting Co., Ltd., said that Wuhan Economic and Technological Development Zone has become an important pillar area for Valeo to serve the global auto industry, and "China Auto Valley" will become Valeo The lighting system's electric vehicle lamp manufacturing base in the Chinese market.
It is reported that Valeo Group is the world's leading auto parts manufacturer and a global leader in automotive lighting systems. According to the survey and analysis of LEDinside, the optoelectronic research division of TrendForce, the global automotive lighting market in 2020 will be worth US$27.652 billion (-5% YoY), and Valeo is one of the top five international automotive lighting manufacturers.
Valeo is also one of the first foreign companies to settle in Wuhan Economic and Technological Development Zone. In 1995, Valeo Automotive Lighting Company took root in Wuhan Economic and Technological Development Zone. In the past 27 years, Valeo has expanded its Wuhan factory three times to increase production, and now has a production capacity of 2 million headlights and 1.5 million rear tail lights.
In addition, Valeo has also invested in the construction of Valeo's largest R&D center in the world, the Valeo China Technology Center. In addition to developing products such as lights, it also develops intelligent networks including automatic parking, driver assistance, and human-computer interaction. United and autonomous driving technology.
The start of production at the second Wuhan factory this time is the third time Valeo has expanded its Wuhan factory and built its R&D center to expand its investment in the Wuhan Economic and Technological Development Zone. It is understood that the second factory in Wuhan, which has started production this time, has a total investment of 200 million yuan. It will build the most advanced and intelligent and unmanned production line of lights and key modules in Asia with the fastest production cycle. It is a world-renowned electric vehicle. The brand produces headlights. The factory is expected to be fully operational in April this year. After reaching production, it will be able to produce 500,000 headlights annually, with an annual sales increase of more than 1 billion yuan.