Valeo has invested around €0.5bn in Egypt over the past 10 years
The rapidly growing number of vehicles globally is a major contributor to air pollution and climate change. For this reason, the world began to gradually shift towards the use of electric cars.
In this context, the majority of countries in the world, including Egypt — which recently hosted the UN Conference of Parties on Climate Change (COP27) — seek to expand the use of electric cars and to localize the industry in an effort to reduce emissions produced by the transportation sector and come up with necessary solutions to solve the climate change crisis.
Valeo is a tech company that works in the field of smart mobility with a particular focus on the development of safety on roads, especially through the acceleration of driving assistance systems and the fight against global warming through the acceleration of electric mobility.
The company, which was founded in 1923, started in a workshop outside of Paris and is now a world-leading global automotive supplier operating in 30 countries.
Valeo serves automaker c