Valeo announced on Monday the creation of a new division, 'Valeo Power', entirely dedicated to electric mobility technologies.

The entity, officially created on April 22, brings together the thermal and propulsion systems activities, in line with the plans the automotive supplier had unveiled at the beginning of the year.

The division, intended to be based on an 'agile' organization based on seven regional subsidiaries, will be headed by Xavier Dupont, who will also take on the role of Group Executive Vice-President.

At the same time, the division dedicated to comfort systems and advanced driver assistance systems (ADAS) - which rely on software and computing units acting as the 'brains' of vehicles - will become 'Valeo Brain'.

Finally, the visibility systems activity (lighting) will be renamed 'Valeo Light'.

Valeo specifies that this operational structure will henceforth be organized around these three divisions, which will become the main segments of its financial publications as from the results for the first half of 2024.

The after-sales activity will continue to operate under the name 'Valeo Service'.

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