Great Wall Motors and Valeo Group Sign Strategic Partnership Agreement
On July 15, Great Wall Motors and the Valeo Group, the French automotive parts manufacturing giant, signed a strategic partnership agreement at Great Wall Motor Co., Ltd. Under the agreement
On July 15, Great Wall Motors and the Valeo Group, the French automotive parts manufacturing giant, signed a strategic partnership agreement at Great Wall Motor Co., Ltd. Under the agreement, both sides will enhance cooperation in regard to established areas including windshield wipers, generators, starters, and clutches; and on this basis, expand technical exchange and cooperation on powertrain components, visual systems, thermal systems, driver assistance systems and other areas. In addition, the two sides will maintain regular communication between their senior management and establish an information sharing platform in order to continuously strengthen the relationship, all aspects of the development of a strategic partnership, and reach consensus.
Since 2005, Valeo began supporting the Great Wall Wingle with windshield wipers, and the Great Wall GW491QE model engines with generators and starters. As of 2011, both sides were discussing a partnership in areas including clutches and dual mass flywheels. In regard to this partnership with Valeo, Great Wall Motors Chairman Wei Jianjun said: "In the past, partnerships between Great Wall Motors and Valeo have been extremely effective and mutually beneficial; in the future, we hope to build a broader, deeper and closer partnership between both sides."
The Valeo Group, one of the world's leading automotive suppliers, provides support for world renowned automotive factories. Its strength lies in unique technical skill and experience in various fields such as automotive powertrains, energy efficiency, and electrical energy. The Valeo Park 4U system was awarded the annual Allianz Genius 2008 Safety Award, the annual PACE Award (for the fourth consecutive year) and the 2008 Germany International Auto Parts Exhibition (AutoMechanika) Innovation Award.
Great Wall Motors established the "Three High Strategy", the development of high-quality products supported by high-tech equipment and high performance design, to break through the impasse restricting progress, transform the image of Chinese cars, and maintain the sustainable growth of operational quality. With this in mind, Great Wall has formed partnerships with many of the world's top automotive parts enterprises. This strategic partnership with the Valeo Group is Great Wall Motors' aggregation of the world's advanced technology resources and an essential component for the success of the "Three High Strategy".