# Marelli and Highly sign memorandum for compressor and HVAC joint venture

Marelli and Shanghai Highly signed a memorandum of intent to form a joint venture operating Marelli's compressor and HVAC business, with a definitive agreement targeted for January 2020.

- Type: Partnership
- Announced: 2019-08-30
- Where: Shanghai, China
- Status: announced
- Products: compressors, heating, ventilation and air conditioning systems, vehicle thermal management systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Marelli](https://endata.com/companies/5462.md) (partner)
- [Shanghai Highly (Group)](https://endata.com/companies/5463.md) (partner)

## Sources

- [marelli.com](https://www.marelli.com/en/news/marelli-forms-strategic-partnerships-with-highly-group.html), 2019-08-30: "Marelli and Highly have agreed a Memorandum of Intent of Cooperation to establish a joint venture."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.