Valeo leans into local-for-local strategy amid turbulent global market
Valeo is adopting a local-for-local strategy in response to China's competitive edge in the commercial vehicle market. Group Customer Vice President Thierry Simonin highlighted that China's strong product base and cost competitiveness are reshaping the industry, making total cost of ownership a key factor for fleet operators. Valeo aims to secure significant orders from both Chinese and European OEMs moving forward.