VALEO 
(MT Newswires) -- Valeo CEO Christophe Perillat says the company is halfway through its plan to focus on key trends such as electrification, advanced driver assistance and software. He points out that the choices made over the past two years are beginning to bear fruit, with 70 billion euros of new orders secured for 2022 and 2023, an amount twice the company's current sales. Perillat also points to a gradual improvement in profitability as the company reaches its 2022 targets.
As far as electric vehicles (EVs) are concerned, although growth rates are slowing down, he sees a 30% increase in the EV market in 2023, and insists that the vehicle of tomorrow will be electric.
He also talks about partnerships with his customers, including Renault, for the co-development, co-design and co-production of the future engine for electric cars. In response to inflationary pressure, Valeo is working with its customers to negotiate prices while reducing costs through self-help measures and cost reduction programmes.
