INNOVATION INNOVATING FOR MOBILITY AND THE CITIES OF THE FUTURE “Valeo integrates the circular economy from the design phase, a critical stage that can determine up to 80% of a product’s environmental impact. Through the 4R program and tools such as disassembly and repairability indices, the Group is transforming its engineering methods to ensure the circularity and value creation of future products.” MINO YAMAMOTO Director of R&D Excellence and the Circular Economy A major source of innovation Innovation is a central pillar of Valeo’s strategy. As a technology company, its competitive edge is based on a sustained commitment to research and development. Valeo stands out for its significant investments, its pool of over 9,000 engineers, and its globally recognized capacity for innovation. Valeo has established itself as the leading French patent filer worldwide, all sectors combined. This solid technological foundation enables it to sustainably support the transformation of mobility and address major environmental and urban challenges.. Enhanced innovation cycles The Group also stands out for the speed of its innovation cycles. Thanks to artificial intelligence, virtualization and an open innovation approach, development cycles are becoming increasingly shorter between design and mass production. As an example, our teams in China developed a new lighting projector in just seven months, from design to the start of production – reducing the development time by two-thirds. In addition, a driver assistance system with L2 and L2+ levels of autonomy was fully developed in a mere eight months.