TU-TESL

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According to foreign media reports, in order to adapt to the slowing growth of the global automobile market, financial growth plans have been formulated when major automobile enterprises are frantically downsizing and reducing sales targets. According to the new financial targets set by Valeo, the free cash flow from 2020 to 2022 will double that from 2017 to 2019, reaching 1.3-1.5 billion euros (about 10.1-11.7 billion yuan), and tax and interest will be increased by 2022 EBITDA increased from 13% in 2018 to 15% of sales. On December 6, Jacques aschenbroich, CEO of Valeo, said that Valeo will lead the global automobile market by 5 percentage points in the next three years. However, IHS Markit's report showed that the automobile industry will decline by 2% in the next three years as a whole. Valeo has demonstrated 12 new technology platforms. In 2017, the company announced a series of innovation strategies, invested heavily in new technologies and successfully innovated its product portfolio. At the same time, he said, Valeo will also achieve its goal by investing in vehicle electrification and ADAS systems to improve R & D efficiency. He said that these new technology platforms have set a high threshold for entry, brought great competitive advantages, greatly increased the average parts in each vehicle, and enhanced the resistance in this uncertain automobile market. In addition, with the increase of sales volume, the company's average R & D and capital expenditure are declining. Valeo also released a new strategic goal. In a statement, Valeo said that the company is also accelerating the development of the Asian market. By 2021, the company aims to account for 37% of the total revenue from the sales of original equipment in Asia, corresponding to 27% in 2016. Valeo will take full control of its 2016 joint venture with Siemens in 2022 to produce motors, extenders, car chargers, inverters and DC to DC converters.