Chief Executive Officer & Director, Valeo Se
Search every verified Christophe Perillat interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Christophe Perillat, CEO of Valeo, discussed the company's performance and strategy in a March 2024 interview. He stated that 2023 was a key year for Valeo's strategic plan, which focuses on electrification, advanced driving assistance, and software. Perillat said the company secured €70 billion in new orders over two years, which he described as twice the company's sales, indicating that its technologies meet market needs. He noted that Valeo achieved its guidance in 2022 and 2023 and provided guidance for 2024 and 2025 showing step-by-step improvement. Perillat commented on the electric vehicle (EV) market, saying that while growth remains "extremely spectacular" with a 30% increase in car numbers, the path to an all-electric future may be "bumpy" but the endpoint is unchanged. He said Valeo is focused on making EVs more affordable through cost optimization and performance improvements. Regarding inflation, Perillat stated that in 2023 Valeo mitigated its impact by negotiating prices with customers and reducing costs, and plans to continue this approach. He declined interest in joining Renault's horse joint venture, but noted Valeo is co-developing an electric motor with Renault. Perillat also said Valeo is not seeing disruption from Red Sea events.
“When you look at 23 numbers, the market has increased 30% when it comes to the number of cars. So the growth is still extremely spectacular. We know the end point. The end point is that the car is going to be electric. We know as well that, you know, the road to this end point will be potentially bumpy, but it's not ch...”
“Well, you know, looking into 23, we could mitigate the impact of inflation. And we did that on the one hand, talking to our customers and trying to find the right prices. And on the other hand, by reducing our cost. So it's always about price and cost.”
Christophe Perillat, chief executive officer of French car parts maker Valeo, discusses how the company is taking advantage of electrification and could secure 70 billion euros of new orders from customers. He speaks on "Bloomberg Markets Today."
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