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Valeo — UBS German Autos Trip (September 2026)
41 slides from Valeo's conference presentation, Sep 15, 2026
Slide 1: AI at Scale
AI AT SCALE UBS GERMAN AUTOS TRIP September 15, 2026 Gilles MABIRE Pascale HERMAN Valeo BRAIN Division Valeo POWER Division Chief Technical Officer Data Centers and R&D & Projects VP BESS VP UBS GERMAN AUTOS TRIP
Slide 2: AI in our products, to master complexity, as a growth engine
1 2 3 AI AI AI IN OUR TO MASTER AS A GROWTH PRODUCTS COMPLEXITY ENGINE Embedded Intelligence And Reduce R&D Costs Market Opportunity UBS GERMAN AUTOS TRIP 2
Slide 3: AI in Our Products: Embedded Intelligence
1 AI IN OUR PRODUCTS Embedded Intelligence UBS GERMAN AUTOS TRIP 3
Slide 4: From Architecture to Value
AI IN OUR PRODUCTS FROM ARCHITECTURE TO VALUE SDV AIDV SDV+ SOFTWARE DEFINED AI DEFINED SAFE & DESIRABLE VEHICLE VEHICLE VEHICLE "My car is up to date" "My car understands and takes action" "My car is my trusted companion" UBS GERMAN AUTOS TRIP 4
Slide 5: Leverage AI for Safe & Desirable Vehicle
AI IN OUR PRODUCTS LEVERAGE AI FOR SAFE & DESIRABLE VEHICLE ANALYTICAL EMOTIONAL Effortless parking Agentic companion and AI-driven driving and intuitive interaction for safety and efficiency for comfort and well-being UBS GERMAN AUTOS TRIP 5
Slide 6: Leverage AI for Safe & Desirable Vehicle
AI IN OUR PRODUCTS LEVERAGE AI FOR SAFE & DESIRABLE VEHICLE ANALYTICAL EMOTIONAL Effortless parking Agentic experience and AI-driven driving and intuitive interaction for safety and efficiency for comfort and well-being UBS GERMAN AUTOS TRIP 6
Slide 7: 20+ Years of AI in Our Products
AI IN OUR PRODUCTS 20+ YEARS OF AI IN OUR PRODUCTS FROM SENSORS TO SYSTEMS MASTERY MULTIMODAL, OMNI-RANGE PERCEPTION LIDAR SINCE 20 YEARS SMART COMPUTER VISION FRONT CAMERA FRONT RADAR CORNER RADARS ADAS CONTROLLER REAR CAMERA LIDAR RADAR ULTRASONICS ULTRASONICS SURROUND CAMERAS UBS GERMAN AUTOS TRI
Slide 8: The Rise of Deep Learning
AI IN OUR PRODUCTS THE RISE OF DEEP LEARNING ALREADY DEPLOYED IN OUR ADAS PRODUCTS 1 2 3 UNDERSTAND PREDICT DECIDE Where am I? What’s around me? What would happen next? What should I do? UBS GERMAN AUTOS TRIP 8
Slide 9: Diverse Approaches in the Market Today
AI IN OUR PRODUCTS DIVERSE APPROACHES IN THE MARKET TODAY Intelligent Driving powered by AI UNDERSTANDING - ONLY UNDERSTANDING + ACTION PREDICTION + SIMULATION FULL AI DRIVER VLM VLA WM Hybrid Stack (Vision-Language Model) (Vision-Language-Action) (World Model) (VLM+VLA+WM) ● Scene understanding ● R
Slide 10: Valeo Scales Affordable In-Car AI
AI IN OUR PRODUCTS VALEO SCALES AFFORDABLE IN-CAR AI OPTIMIZED FOR AUTOMOTIVE DEPLOYMENT Large, General Powerful, Optimized Compact, Efficient Datasets Teacher Model Student Model Distillation Pre-training Fine-tuning UBS GERMAN AUTOS TRIP 10
Slide 11: Data Flywheel Accelerates the AI Lifecycle
AI IN OUR PRODUCTS DATA FLYWHEEL ACCELERATES THE AI LIFECYCLE SCALING UP AT VALEO IN 2026 Teacher Vehicle Cloud SIL Evaluation FAST & LIGHT COMPRESSION & INTEGRATION OPTIMISATION STREAM FINAL PRODUCT INTEGRATION ACCELERATE LEARNING Student Vehicle AI Design and Training Dataset Teacher vs Student En
Slide 12: Working on Next-Gen Foundation Models
AI IN OUR PRODUCTS WORKING ON NEXT-GEN FOUNDATION MODELS IN PARTNERSHIP WITH NATIX Open-Source, Multi-Camera World Foundation Models (WFMs) LEARN REAL-WORLD PHYSICS PREDICT & SIMULATE SCENARIOS MATURE AI ALGORITHMS Decodes real-world geometry, Generates complex driving Continuously improves driving
Slide 13: Valeo: The System Integrator
AI IN OUR PRODUCTS VALEO: THE SYSTEM INTEGRATOR ORCHESTRATING THE BEST TECHNOLOGIES FROM ECOSYSTEM PARTNERS The Vision Safety The Centralized The Algorithmic Benchmark Compute Core Scale Engine Integrated Driving & Parking; Pre-integrated Hardware Excellence merged over 10-year NoA Systems with loca
Slide 14: Leverage AI for Safe & Desirable Vehicle
AI IN OUR PRODUCTS LEVERAGE AI FOR SAFE & DESIRABLE VEHICLE ANALYTICAL EMOTIONAL Effortless parking Agentic companion and AI-driven driving and intuitive interaction for safety and efficiency for comfort and well-being UBS GERMAN AUTOS TRIP 14
Slide 15: Agentic AI: The Next Revolution
AI IN OUR PRODUCTS AGENTIC AI: THE NEXT REVOLUTION CONTEXT → AGENTIC AI → ACTION TOMORROW WILL BE POWERED BY AGENTIC AI BOTH ON-BOARD AND IN THE CLOUD → From Assistant to Agent: Moves beyond "Hey Siri" triggers to autonomous execution → Sensor-Fusion Context: Leverages every vehicle data point to pr
Slide 16: Valeo Agentic Experience in Development
AI IN OUR PRODUCTS VALEO AGENTIC EXPERIENCE IN DEVELOPMENT VALEO VALUE CREATION IN AGENTIC AI Sensors & Advanced Additional data fusion Reasoning Context Agentic-Ready Products via de facto standards like MCP (Model Context Protocol) AGENTIC AI Specialized Agents by domains: comfort, connect, entert
Slide 17: Creating Synergies to Unlock New Experiences
AI IN OUR PRODUCTS CREATING SYNERGIES TO UNLOCK NEW EXPERIENCES Sensors Sensors Fusion Agentic AI Broader 1 sensor = 1 function Advanced functions New potential understanding and additional features unlocked: + + Agentic AI → Seamless UX Finesse + + → Substitute some SW → Cover the unexpected Additi
Slide 18: AI to Master Complexity and Reduce R&D Costs
2 AI TO MASTER COMPLEXITY And Reduce R&D Costs UBS GERMAN AUTOS TRIP 18
Slide 19: AI Velocity at Valeo
AI TO MASTER COMPLEXITY AI VELOCITY AT VALEO KICKED-OFF 20 YEARS AGO AI as design partner Mathematic, Multitask Abductive capability Meca Generative design Autonomous Coding Specialized tasks Human & Digital interactive task Multi-Agents collaboration Knowledge management Daily task, Document analys
Slide 20: AI Journey Done Through Organizations
AI TO MASTER COMPLEXITY AI JOURNEY DONE THROUGH ORGANIZATIONS SPEED & NON ADDED VALUE TASK ELIMINATION AI 4 Development AI 4 Production AI 4 Services AI 4 Employee R&D & PROJECT MANUFACTURING FUNCTION SUPPORT PERSONAL ASSISTANT Reinforcement Fast Follower Acculturation 1ST PRIORITY ALL NETWORKS VISU
Slide 21: Full Speed Ahead on AI
AI TO MASTER COMPLEXITY FULL SPEED AHEAD ON AI 100% Valeo Software engineers Valeo Virtualized hardware lab trained and equipped with Gen AI enable to accelerate development of ECU up to 35% of our certified automotive 40% code is AI generated (at the end of Q1 2026) BOOSTING R&D PRODUCTIVITY Generat
Slide 22: End-to-End AI-Native Engineering
AI TO MASTER COMPLEXITY END-TO-END AI-NATIVE ENGINEERING BBrainy WORKBENCH • RE-IMAGINING THE ENGINEER’S ROLE TO TO TO TO FROM CODING COORDINATE VALIDATE MAKE CRITICAL LEAD WITH MULTI AGENTS OUTCOMES DECISIONS COMPETENCY NEW COMPETENCIES AI orchestration System thinking Engineering Judgement Differe
Slide 23: Accelerating Software Development
AI TO MASTER COMPLEXITY ACCELERATING SOFTWARE DEVELOPMENT FROM 6 TO 3 WEEKS POWERED BY AI & UNIFIED ARCHITECTURE Before Now SW SW SW TEST SW TEST REQUIREMENTS REQUIREMENTS SW ARCHITECTURAL SW INTEGRATION SW ARCHITECTURAL SW INTEGRATION DESIGN TEST DESIGN TEST STATIC & UNIT STATIC & UNIT DETAILED DES
Slide 24: From Dev-Centric to Architecture Centric
AI TO MASTER COMPLEXITY FROM DEV-CENTRIC TO ARCHITECTURE CENTRIC AS LEVER TO REDUCE R&D SPENDING SAVINGS SW MANAGEMENT SW ARCHITECT PRODUCTIVITY SW INTEGRATOR SW TESTER GAIN SW DEVELOPER AI TOOLCHAIN SIMULATION + NEW KEY EXPERTISE OPTIMIZATION 2025 2029 FROM EXECUTION TO OPTIMIZATION (Writing/Testin
Slide 25: Hardware Virtualization
AI TO MASTER COMPLEXITY HARDWARE VIRTUALIZATION WE REDUCE UNCERTAINTY & ENHANCE QUALITY SW ARCHI. & SYS VALIDATION SW DEVELOPMENT CYCLES SW ARCHI. VALIDATION SYS. VALIDATION Former development cycles Development supported with vECU SW BUGS OPEN 4 1 Late software bug findings 1 vehicle SOP in danger 3
Slide 26: Deployed on Large Development Programs
AI TO MASTER COMPLEXITY DEPLOYED ON LARGE DEVELOPMENT PROGRAMS Virtual end2end toolchain will be connected to all disciplines (Software, System and System Validation) Combined with statistical modelling enabler for L2++ and higher levels of automation development and testing Allows to perform unimag
Slide 27: Simulation & Virtualization Main Directions
AI TO MASTER COMPLEXITY SIMULATION & VIRTUALIZATION MAIN DIRECTIONS S1 2026 S1 2027 2028 VIRTUAL EuroNCAP 2026 VIRTUAL TESTING VIRTUAL DRIVING Allows up to 94% of virtualization Scale up of scenario-based testing UNknown / UNsafe UBS GERMAN AUTOS TRIP 27
Slide 28: Embed AI Everywhere It Creates Value
AI TO MASTER COMPLEXITY EMBED AI EVERYWHERE IT CREATES VALUE 1 2 3 PRODUCT OPERATIONAL LONG-TERM LEADERSHIP EFFICIENCY COMPETITIVENESS Safe & agentic AI Accelerated engineering Scalable software moat architectures & automated testing & growth engine UBS GERMAN AUTOS TRIP 28
Slide 29: AI as a Growth Engine: Market Opportunity
3 AI AS A GROWTH ENGINE Market Opportunity UBS GERMAN AUTOS TRIP 29
Slide 30: Data Center Liquid Cooling Is Becoming a Must
AI AS A GROWTH ENGINE DATA CENTER LIQUID COOLING IS BECOMING A MUST AIR COOLING LIQUID COOLING Air Conditioning Rear Door Heat Exch. Direct-to-Chip CRAC Cold plate Cooling Distribution Unit In Rack In Row OUT OF VALEO SCOPE Rack Power [kW] 20 40 60 100 120 250 350 500 750 +1MW Chip Thermal Dissipati
Slide 31: Data Center Liquid Cooling Growth Is Now > €50bn
AI AS A GROWTH ENGINE DATA CENTER LIQUID COOLING GROWTH IS NOW Data Center Liquid Cooling > €50bn Valeo Addressable Market €bn €18bn €3bn 2025 2030 2035 Source: BIS Research UBS GERMAN AUTOS TRIP 31
Slide 32: Valeo Playground Is White Space
AI AS A GROWTH ENGINE VALEO PLAYGROUND IS WHITE SPACE Out of Scope Power Distribution Unit GREY SPACE Backup Power Generator Chiller/CRAC UPS Batteries In Rack COOLING DISTRIBUTION UNIT WHITE SPACE (CDU) In Row Coldplates Manifolds RDHx UBS GERMAN AUTOS TRIP 32
Slide 33: With 100+ Years of Thermal Expertise
AI AS A GROWTH ENGINE WITH 100+ YEARS OF THERMAL EXPERTISE AUTOMOTIVE DATA CENTER FRONT COOLING MODULE REAR DOOR HEX (FAN, RADIATORS, COOLING MODULES CONDENSERS, ECU) A/C HEAT PUMP MODULE CDU - COOLING (PUMP, HEX, EDC, ECU) DISTRIBUTION UNIT BATTERY & CCU SERVER / CHIP COLD COLD PLATES PLATES ECU: E
Slide 34: A Full Set of Efficient Solutions for All Needs
AI AS A GROWTH ENGINE A FULL SET OF EFFICIENT SOLUTIONS FOR ALL NEEDS SPEED & AGILITY LIQUID COOLING MARKET Rear Aluminium Rear Door >€50bn Door Cooling Module DtC 1P In Rack Single CDU 1P In Row CDU Phase Manifolds €18bn DtC 2P In Rack 2P Passive Loop Two CDU Heat Pipe €3bn Phase Manifolds 2025 203
Slide 35: Aluminium Rear Door Cooling
AI AS A GROWTH ENGINE ALUMINIUM REAR DOOR COOLING POC UNDER VALIDATION TEST POWER USAGE EFFECTIVENESS (PUE) VS COPPER Aluminium Radiator -25% fan electrical consumption Smart Control HIGHER POWER DENSITY VS COPPER HMI +65% Fan DC and AC SCALABILITY (12V, 48V, 480V AC, 800V DC) In house components Sm
Slide 36: 1-Phase CDU & Manifolds
AI AS A GROWTH ENGINE 1-PHASE CDU & MANIFOLDS POC UNDER VALIDATION TEST 1P In Rack CDU 1P In Row CDU TIME TO MARKET & LOCAL FOR LOCAL Footprint (US, EU, APAC, India) Key components in house RELIABILITY Failure prediction control SCALABILITY Global manufacturing capacity Manifolds UBS GERMAN AUTOS TR
Slide 37: 2-Phase CDU & Manifolds
AI AS A GROWTH ENGINE 2-PHASE CDU & MANIFOLDS READY FOR PRODUCTION Rack Manifolds Cold Plates (RTh, pressure drop...) POWER USAGE EFFECTIVENESS (PUE) 3 times less fluid mass flow COOLING PERFORMANCE for future high power density chip RELIABILITY Cooling Distribution Unit (CDU) No short circuit risk if
Slide 38: 2-Phase DtC Passive Cooling
AI AS A GROWTH ENGINE 2-PHASE DtC PASSIVE COOLING POC UNDER VALIDATION TEST Air Condenser 2P Cold plates & piping SERVER CHIP COOLING (CPU, TPU) Higher Cooling performance vs Air RELIABILITY No maintenance (no pump) RETROFIT Upgrade of existing Rack without CDU DtC: Direct-to-Chip, CPU: Central Proc
Slide 39: A Global Industrial Footprint
AI AS A GROWTH ENGINE A GLOBAL INDUSTRIAL FOOTPRINT Heat Exchangers Production Sites TO SCALE UP & SUPPORT SOVEREIGNTY Thermal Modules Assembly Sites GERMANY (4 sites) POLAND SOUTH KOREA FRANCE (3 sites) ROMANIA SLOVAKIA CZECH REPUBLIC JAPAN (2 sites) USA (5 sites) SPAIN TURKEY MOROCCO ITALY CHINA (
Slide 40: Valeo a Key Partner for Data Center
AI AS A GROWTH ENGINE VALEO A KEY PARTNER FOR DATA CENTER Expertise Scalability Efficiency 100+ years Global footprint Complete set of experience in thermal available to scale up energy efficient management & support solutions to improve sovereignty IT sustainability Potential to complement with power
Slide 41: valeo.com
valeo.com BRAIN CONVENTION 2026 Strictly private & confidential