Continuing our growth to lead the electrification revolution
From 2015 to 2017, the Powertrain Systems Business Group’s sales grew by 15% and reached €4.3 billion, i.e. 23% of the Group’s overall revenue.
And to this day, the Business Group continues to grow. Part of that growth is driven by 48V technology, which makes electric mobility more affordable. Another part of it comes from high voltage motors, which deliver higher levels of power.
This ongoing rise is also based on external expansion efforts and a strategy focused on Asia:
The Valeo Siemens eAutomotive joint venture, which produces high-voltage motors, has consolidated this upward trend with orders worth €10 billion after only 14 months.
The acquisition of FTE automotive in November 2017 enabled the Business Group to add active hydraulic actuator systems to its range.
The Valeo-Kapec joint venture, created with PHC Group, our long-standing Korean partner, is on the way to becoming the world leader in torque converters thanks to the pooling of skills and client portfolios.