PARIS (Reuters) – The new partnership between Valeo and Renault in software is worth several billion euros and covers a period of more than ten years, the chief executive of the automotive supplier told Reuters on Wednesday.
Already associated with Renault in new-generation electric motors, Valeo announced on Tuesday evening that it would also supply the high-performance computer for the “Software defined vehicle” architecture of future vehicles in the diamond group, the true heart of all controls and driving aids.
“The contract covers a long period, from start to finish, more than ten years ago,” said Christophe Périllat on the sidelines of Valeo’s general meeting.
The equipment manufacturer does not plan to enter the capital of the future electrical and software entity Ampère, which Renault plans to list on the stock market at the end of the year if market conditions allow it.
“It’s not our role,” added Christophe Périllat.
“In this partnership, there is no capital agreement, we are a technology partner alongside Google and Qualcomm.”
Also developed with the two American giants of technology and semiconductors, the “SDV” integrates from the start of the design software layers allowing updates during the life of the car without having to touch the hardware part.
It must be deployed on Renault vehicles from 2026.
Under the leadership of its CEO, Luca de Meo, the French car manufacturer is currently multiplying partnerships to stay in the race for car electrification and connectivity, two revolutions that require massive investment.
The group’s strategy of opening up to technological partners or investors applies to its five entities: Ampère, Alpine (sport), Power-Horse (gasoline and hybrid engines) and The future is neutral (circular economy).
(Gilles Guillaume report, edited by Blandine Hénault and Nicolas Delame)
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