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Valeo's sales surge in first half
Automotive News China | 2017/7/25

French supplier Valeo SA's sales to auto manufacturers in China topped 1.1 billion euros (8.5 billion yuan) in the first six months of the year, an increase of 24 percent from a year earlier.

The company said it enjoyed strong sales to Chinese automakers, which represented 39 percent of Valeo¡¯s orders in the country. 

With aggregate vehicle sales rising 4.3 percent to nearly 5 million units, Chinese brands gained market share in the first half of the year. By contrast, China¡¯s overall light-vehicle sales edged up only 1.6 percent to 11.3 million vehicles.

Valeo¡¯s global automotive sales exceeded 8.2 billion euros in the first six months, an increase of 9 percent from the same period last year.

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