Valeo invests USD56.6 million in Cathay CarTech Fund

Corporate developments

Cathy plans to invest in potential tech companies and start-ups in Chinese automotive market

Valeo has invested EUR50 million (USD56.6 million) in Cathy CarTech Fund, a dedicated fund set up by private equity (PE) firm Cathy Capital to invest in emerging automotive and future mobility services, the French supplier said in a press release earlier this week.

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