Valeo fareo, an independent international industrial group, is fully committed to the design, production and sale of spare parts for cars and trucks, integrated systems and modules, which are supplied to the mainframe support and after-sale maintenance market. Valeo fareo is a world supplier of auto parts and components, and the group implements a financially healthy growth strategy to achieve sustainable development. For many years, fareau has been following the path of sustainable development and strictly following the united nations global compact signed in 2004. The fareo strategy for sustainable development, which covers the three dimensions of environmental responsibility, social responsibility and society, aims to address the legitimate issues raised by various actors, including employees, clients, shareholders, suppliers, social groups and the government, regarding population, the environment and the economy. In this regard, fareo has always been committed to corporate responsibility and has always complied with legislation and international conventions. In order to reaffirm the company's commitment, valeo farreaux issued its own sustainable development charter, setting out 15 specific principles to be followed by all employees, suppliers and subcontractors. The procurement focus for valeo fareo is gradually shifting to low cost, with the group's goal of reaching 70 per cent of total group purchases at low cost by 2010. Asia is a low-cost concentrated region, especially mainland china, and cooperation with chinese suppliers is therefore becoming increasingly important for valeo farreo. Electronic and electrical systems, thermal systems, transmission systems, valeo fareo in the market after sale, valeo fareo in asia, are organized in this way and, to a large extent, perform the collaborative role of specialized companies in product development and production. Valeo fareo was established in shanghai, china, in 2001 to support valeo fareo procurement activities at low cost in asia。