INNOVATION, THE KEY TO VALEO’S SUCCESS
Innovation is our watchword: Research and Development spending is increasing at the same pace as sales, innovative technologies(1) account for 37% of our order intake, and 12,000 engineers and technicians anticipate automaker and driver needs each day.
VALEO / 2015 ACTIVITY AND SUSTAINABLE DEVELOPMENT REPORT
n c h o re d i n CO 2 e m i s s i o n s reduction and intuitive driving, innovation forms the basis of Valeo’s strategy. The vast resources committed by the Group to remain at the cutting edge of technology are a testament to this strategic focus: Valeo is engaged in over 2,500 projects with automakers worldwide and, in 2015, invested more than 1.3 billion euros in Research and Development as well as filing 1,406 patents, 27% more than in 2014. Equally impressive is Valeo’s human capital commitment, with a total of 12,000 engineers and technicians working at 17 research centers and 35 development centers across the world. Thanks to its ability to innovate, Valeo was named in the Thomson Reuters list of Top 100 Global Innovators 2015. The Group’s ability to innovate affords it the flexibility more commonly associated with Silicon Valley start-ups. Agility and adaptability are necessary to keep abreast of social megatrends and continue tailoring products to our customers’ needs. That is why the Group is diversifying its sources of inspiration through open innovation, forming partnerships with universities, laboratories, major industrial groups and promising start-ups. To this end, in 2015 the Group: (i) kicked off the third edition of its student contest, the Valeo Innovation Challenge; (ii) acquired stakes in Cathay Capital, a cross-border investment vehicle dedicated to venture capital financing for innovative start-ups, and in Aledia; and (iii) began collaborating with Safran and Mobileye.
VALEO NAMED ONE OF THE MOST INNOVATIVE COMPANIES IN THE WORLD in the Thomson Reuters list of Top 100 Global Innovators 2015
For Valeo, being a tech company means knowing how to think outside the box and venture off the beaten track. Innovation is, first and foremost, a state of mind. We must live, think and breathe innovation while remaining in tune with the world around us. While the Group designs the technical solutions, innovation is defined through constant interaction with customers and consumers. That’s why Valeo surveys almost 20,000 people directly each year in the United States, Europe, Japan, South Korea and China, with one simple aim: anticipate driver preferences before anyone else. Valeo has often been a pioneer in this area – for example by introducing the first micro-hybrid Stop-Start system – and is now better placed than ever to continue leading the way.