On Feb. 27, Valeo Siemens E- powertrain (tianjin) co., LTD held a grand opening ceremony in Xiqing district. The project was founded by two world famous corperates-Valeo and Siemens, mainly for research and development of electric cars and hybrid vehicles engine.
It is understood that the Xiqing new company is located at Xeda five branch, development zone with a total investment of 400 million yuan. Within the 1.2 square meters plant, business involves the Valeo high-voltage power electronic technology and Siemens electric vehicle power system, research and development and sales of high voltage motor used in electric cars and light commercial vehicles, extended range engine and charging machine, etc. At present, the new company has entered the equipment commissioning stage, and it is expected to reach 225,000 annual sets at full scale production, with annual sales of 1.2 billion RMB and tax of 100 million RMB.
The opening ceremony of the high-end European auto part project in Xiqing district marks another world top 500 settlement. It’s also great breakthrough to drive more major projects to come into Xiqing disttrct. This will give a strong boost to the optimization and upgrading of the automobile and parts industry in xiqing development area, even will add new impetus to the high quality development of the high-end manufacturing industry in Xiqing district and Tianjin municipality.
French Valeo Group was founded in 1923, as one of the world's leading auto parts suppliers, provides supporting for the world-famous auto plant. It has unique experience and technology advantages in the automotive powertrain, energy conservation and emission reduction and new energy electronic. It takes number 11 of the global top 100 auto parts, group, with annual sales of 16.5 billion euros.