Valeo and Chuneng Automobile sign strategic cooperation agreement related to automotive lighting

On May 19, Chuneng Automobile and Valeo signed a strategic cooperation agreement in Wuhan. Chuneng Automobile Chairman Dai Deming, Vice Presidents Zhu Xiaoping and Liu Xiangshang, Valeo China President Zhou Song and Vice President Qian Xiangzhong attended the signing ceremony together with senior leaders of Valeo's three major business divisions: intelligent systems, kinetic energy systems, and visual systems. Valeo is the world's top auto parts and smart travel technology group with a century-old history, and one of the world's four largest auto parts suppliers. It focuses on core areas such as automotive electrification, autonomous driving, intelligent lighting, and thermal management, and provides supporting solutions to global mainstream car companies.

Chuneng Automobile focuses on technological breakthroughs in the entire vehicle industry chain, insists on driving industrial upgrading through technological innovation, and is committed to creating high-safety, high-intelligence, and high-performance new energy vehicle technology.

With this signing, the two parties will carry out in-depth cooperation in areas such as the four core components of new energy vehicles: smart headlights, all-in-one electric drive, vehicle thermal management system, and intelligent systems (sensors, domain controllers + perception fusion). As the world's leader in car lighting, Valeo's adaptive matrix LED (AFS/ADB), high-definition pixel smart headlights, laser headlights + intelligent sensing fusion technology has always been the benchmark for smart car lights in terms of safety, durability and harsh working conditions. The all-in-one electric drive system assembly focuses on high integration, high efficiency, and high reliability. It has high power output efficiency for the entire vehicle, low energy consumption, and excellent power economy. Thermal management adopts a fully integrated thermal management architecture, an efficient heat pump system and an advanced thermal management system to accurately control the battery, motor and electronic temperature control, effectively improving battery life, safety and vehicle operation stability. Its core technology ranks first in the world. The flagship product of the intelligent system, lidar (Scala), is the world's first automotive-grade lidar to be installed on a large scale in vehicles. Its unique sensing + lighting linkage enables intelligent interaction inside and outside the vehicle. Relying on global mass production vehicle data, the algorithm continues to be iterated. Software and hardware integration + full domain System synergy capabilities provide users with comprehensive security guarantees.

This cooperation is an important step for Chuneng Automobile to integrate global high-quality supply chain resources and consolidate core technological strength. It is also an important milestone for both parties to complement each other's advantages and collaborate in innovation. In the future, the two parties will give full play to their respective advantages in vehicle research and development, parts technology, and mass production manufacturing, deepen multi-dimensional cooperation in technology research and development, product adaptation, and mass production, so as to enhance the core competitiveness of the company.