Introduction of valeo automobile air conditioning Hubei co., ltd.

Valeo Hubei Automobile Air Conditioning Co., Ltd. (hereinafter referred to as the company) is a Sino-foreign joint venture invested by SDIC High-tech Investment Co., Ltd., which was established in July 1994. The company is located in Jingzhou City, Hubei Province with a total investment of 24.2 million US dollars. The company has three shareholders, among which SDIC High-tech Investment Co., Ltd. holds 40% of the shares. The company has 480 employees, and in 2008, it achieved sales revenue of nearly 800 million yuan, accounting for about 8.9% of the market share of passenger car air conditioning systems in China. The company's economic benefits maintained a steady growth trend.