Valeo opens new plant in Korea for production of ADAS components

The Valeo Daegu plant, which has begun producing parking assistant sensors, is expected to become a core production facility in Asia for autonomous driving sensors, with mass-production of key components such as ultrasound sensors, radars, cameras and LiDARs.

Autocar Pro News Desk By Autocar Pro News Desk calendar 03 Apr 2024 Views icon3741 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Valeo opens new plant in Korea for production of ADAS components

Valeo has inaugurated its new manufacturing facility in Daegu (Korea) for the production of sensors for vehicle automation.

The plant opening comes around 18 months after Valeo signed an investment agreement worth $56 million with the Daegu Metropolitan Government to mass-produce ADAS (Advanced Driver Assistance Systems) parts, and key devices for vehicles that will be more and more autonomous in July 2022. The construction of the greenfield Valeo plant in Daegu began in March 2023 and the facility has already started production.

The Valeo Daegu plant, which has begun producing parking assistant sensors, is expected to become a core production facility in Asia for autonomous driving sensors, with mass-production of key components such as ultrasound sensors, radars, cameras and LiDARs. The production is destined for local sales as well as export to meet the growing demand of ADAS and security systems.

Marc Vrecko, President, Valeo Comfort and Driving Assistance Systems Business Group, said, “Valeo is a leader in the production of ADAS with one car out of three worldwide equipped with Valeo ADAS technology. We are honoured to start the production of a whole range of key components for autonomous cars such as ultrasound, radars, cameras and LiDAR sensors in the Daegu plant (Korea) which offers a highly experienced workforce and an excellent automobile industry base.”

Valeo has been present in South Korea since 1999, and has since then established 3 R&D centres and 14 production sites. The Comfort & Driving Assistance Business Group created a South Korea Regional Operation in 2015, after experiencing steady growth since entering Korea in 2008. We have been working closely with the Korean carmakers for 10 years, and Valeo is now recognised in South Korea as a key partner for the development of ADAS.”

 

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