Valeo's China sales up 24%
Half-year sales by Valeo S.A. have increased by 24% (year-on-year) to 8.5 billion yuan (€1.1 billion), the France-based automotive supplier has announced.
The growth is due in large part to the strong relationship Valeo enjoys with Chinese automakers, which take up 39% of its orders in China.
Those domestic automakers saw their aggregate vehicle sales increase by 4.3% to nearly 5 million units in the first six months of this year, outperforming China's total light-vehicle sales, which rose by only 1.6% to 11.3 million vehicles.
Globally, Valeo sales from January to June increased by 9% in the first half of 2017, to €8.2 billion.
| 25/07/2017 | Frank Jacobs