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Chery joint venture with Valeo Auto Lighting System-glow plug
 

Wholly owned subsidiary of Chery Automobile in Wuhu Chery Technology Co., Ltd. has signed with the French Valeo joint venture agreement, by the Wuhu Chery Technology transfer of Robbie's Automotive Lighting Systems, Inc. 80% of the shares to the Valeo Group, set up a new joint venture in Wuhu Valeo automotive lighting systems, Inc., engaged in research and development, production and sale of Valeo lighting products, mainly for Chery and the Chinese market.

     Valeo is a company dedicated to automotive components, integrated systems and modules for the design, production and sales, and reduce CO2 emissions from industrial groups in the global auto parts 100 companies ranked No. 13, 2010 sales of $ 96 billion euros, the Group 28 countries in the world has 125 factories, 109 production sites, 58 R & D centers and 67,000 employees, the current lighting system in China, two companies with annual sales of nearly 20 million long-term supply Toyota product, Nissan and other Japanese popular models.

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