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MARELLI forms strategic partnerships with Shanghai Highly Group · Endata

◂ Announcements

Aug 30, 2019PARTNERSHIPShanghai, China

MARELLI forms strategic partnerships with Shanghai Highly Group

MARELLI agreed to acquire equity interest in Shanghai Highly New Energy Technology Co. from Johnson Controls-Hitachi Air Conditioning, and signed a memorandum to establish a joint venture with Highly for compressor and HVAC business.

Status

Announced

Productselectric driven compressorsHVAC systems

CompaniesMarelli Shanghai Highly (Group) partner Johnson Controls-Hitachi Air Conditioning partner Shanghai Highly New Energy Technology target

Sectors#Automotive Components

“This investment provides MARELLI with greater access to the Chinese market and will facilitate even greater investment in electrification technologies”automotiveworld.com

2 sources
automotiveworld.comMARELLI forms strategic partnerships with Highly Group | Automotive WorldEmma GeorgiadesAug 30, 2019
autocarpro.inMarelli partners Shanghai Highly for EV cooling solutions | Autocar ProfessionalAutocar Professional BureauSep 3, 2019

Summarized from public sources; check the original articles before acting on it.

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