07.07.2006 – 12:31

Valeo Management Services

Valeo Establishes its Second R&D Centre in China

Shanghai, China (ots/PRNewswire)

Valeo today announced the
establishment of a new Research and Development centre in Shanghai.
This technical centre will design advanced climate control systems
for Chinese, Japanese and European car makers. This latest
development is part of Valeo's strategy to expand its presence in the
fast-growing Chinese automotive market.

When fully operational, the new technical centre will accommodate
up to 60 highly qualified engineers and technicians who will
initially focus on developing automotive climate control systems for
Japanese and European customers. Valeo enjoys a leading position in
its climate control activity and is a supplier of complete Heating
Ventilation and Air Conditioning (HVAC) systems to major carmakers in
China.

Valeo has grown rapidly in China since it entered the market in
1994. The Group's first Chinese R&D centre, which opened in 2004 in
Wuhan, develops automotive lighting systems.

"With its twelve production facilities and two technical centres
employing more than 2,000 people, Valeo is in a good position to
serve both Chinese and global automakers. This new R&D centre
demonstrates Valeo's continuing commitment to the Chinese automotive
industry and strengthens the Group's twelve-year presence in the
country", said Thierry Morin, Valeo Chairman & CEO.

Valeo is an independent industrial group fully focused on the
design, production and sale of components, integrated systems and
modules for cars and trucks. Valeo ranks among the world's top
automotive suppliers. The Group has 134 plants, 68 R&D centres, 9
distribution centres and employs 70,400 people in 27 countries
worldwide.

www.valeo.com

For more information, contact:
    Alexandre Telinge, Group Media Relations & PR Manager,
    Tél.: +33-(0)1-40-55-20-74
    Matthieu de Crevoisier, Group Media Relations Coordinator,
    Tél.: +33-(0)1-40-55-37-68

Contact:

For more information, contact: Alexandre Telinge, Group Media
Relations & PR Manager, Tél.:
+33-(0)1-40-55-20-74. Matthieu de Crevoisier, Group Media Relations
Coordinator,
Tél.: +33-(0)1-40-55-37-68