Christophe Périllat, CEO of French century-old automotive parts supplier Valeo, said the company will learn from China's automotive industry experience to streamline operations and expand its business. He noted that relevant production and various costs in China are about 35% lower than in Europe, with outstanding advantages in R&D speed, supply chain integration, and innovation—and that China is rewriting the industry's rules. The direction of global automotive innovation has reversed, with more and more industrial technology breakthroughs spreading from China to other regions. Valeo has drawn on Chinese experience to accelerate prototype development and parts optimization while reducing management layers. In recent years, while shrinking its European operations and workforce, the company has opened new factories in China, India, the United States, and elsewhere, and expanded into fields such as defense and data center cooling to respond to market competition with rapid decision-making.