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Valeo Siemens eAutomotive announces that it has already exceeded its target of more than €4 billion in order intake for high voltage electrification technologies for the 2021-2022 period. The target was achieved more than seven months ahead of the announced roadmap, reflecting Valeo Siemens eAutomotive’s robust momentum in the fast-growing high-voltage electrification market.
The orders booked since early 2021 relate to end-to-end powertrain assemblies and their components (electric motors, converters, reducers, on-board chargers and DCDC converters). They relate in particular to the new 800V silicon carbide (SiC) technology developed by Valeo Siemens eAutomotive. The new orders underline Valeo Siemens eAutomotive’s ability to support its customers in adopting the latest technological developments.
Thanks to these orders, Valeo Siemens eAutomotive is expanding its global presence with orders in Europe, China and North America and its customer portfolio.
†Meeting our order intake target seven months ahead of our roadmap demonstrates how Valeo Siemens eAutomotive is relaunching the fast-growing high-voltage electrification market, as announced in the Move Up plan presented by Valeo last February.said Xavier Dupont, President of Valeo’s Powertrain Systems Business Group and member of the advisory board of Valeo Siemens eAutomotive. †By merging Valeo Siemens eAutomotive with Valeo, we are taking it to the next level by creating an even more innovative, competitive electrification champion with all the technologies needed to support the biggest transformation in the history of our industry.†
Last February, Valeo announced that it had signed an agreement with Siemens to acquire Siemens’ 50% stake in Valeo Siemens eAutomotive. Beginning July 2022, Valeo will integrate all assets of Valeo Siemens eAutomotive into its Powertrain Systems Business Group*.
The value of the high-voltage electrification market will increase by an average of 17.5% per year in the period 2021-2030 to a total of 92 billion euros. 40% of this amount is outsourced to suppliers in the automotive industry. By 2030, the market for vehicles equipped with high-voltage electric propulsion systems will account for 35% of global car production.
* The transaction has been authorized by the relevant competition authorities; relevant employee participation bodies are informed and consulted.
** In series production or under development.