In the next three years, our goal is to occupy 10% of China's market share and 20% later. A few days ago, Valeo China President CMarsais expressed with confidence in the opening ceremony of Valeo Engine Cooling (Foshan) Co., Ltd. According to reports, Valeo Group in Paris, France is the world's top ten independent auto parts production. The company's engine cooling specialist is the second largest manufacturer of engine-related cooling systems in the world. It manufactures automotive radiators, condensers, intercoolers, oil coolers, and fan systems. At present, Valeo has a total of 18 production bases in China. The Valeo Engine Cooling (Foshan) Co., Ltd. established this time is also the first engine cooling business production base established by Valeo in China. The vehicle manufacturer supports the production of engine cooling system components. It is understood that at present, Valeo Group 's customers include Ford, Nissan, Volkswagen, BMW and so on. CMarsais stated that expanding investment in China mainly focuses on China's huge market potential. He said that especially after the outbreak of the economic crisis last year, many OEMs have attached increasing importance to the Chinese market. As an accessory manufacturer of automakers, Valeo will also follow the footsteps of service vehicle manufacturers and expand its spare parts production network in China.