French automotive supplier Valeo has won orders for its vehicle electrification thermal systems worth more than four billion euros since the start of this year. Thermal solutions include air conditioning, heat pumps and battery cooling systems.
The increase in sales is almost double the figure for the same period in 2021. The main contributor to this increase is a new contract with Stallantis. The automotive giant ordered Valeo’s thermal comfort systems for electric cars in September. Valeo has been supplying the automaker with a heat pump solution since 2019. Valeo announces that it will soon supply a new generation of the technology for Stellantis’ next electric platform.
Here, Valeo hasn’t specified exactly which of the next Stellantis platforms it will supply – the automotive group is known for developing the SLTA Small, Medium, Large and Frame. The French supplier only revealed that the latest heat pump is supposed to be more compact and easier to integrate.
Valeo has also signed a contract with another large, albeit unnamed, European automaker for the supply of air conditioning systems for electric vehicles and front cooling modules. The development here focused on the development of component noise, as noises in electric cars are more audible because they are not drowned out by the noise of a combustion engine. Valeo claims its combination of air conditioning and a front cooling module is the most powerful system on the market.
From a major Chinese car manufacturer, Valeo has received an order for its Smart Heat Pump, which is a new compact heat pump module. This is designed to improve the energy efficiency of electric cars, reduce the weight of the thermal system and minimize integration costs for car manufacturers. Mass production of the technology will begin in 2023.
Another customer in Europe placed an order for battery cooling systems. Valeo also says it has orders for electric heating solutions for four customers in China and Europe, as well as electric compressors for two large electric platforms.
Francisco Moreno, president of Valeo’s Thermal Systems business group, forecasts sales of thermal systems for electric cars to reach 2.5 times the volume of thermal systems for thermal cars by 2025.”JThe excellent commercial performance since the beginning of the year shows that this acceleration is already underway and that, in line with our Move Up strategy, Valeo is shifting into high gear in its electrification efforts,” said Moreno.