# 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.

- Type: Partnership
- Announced: 2019-08-30
- Where: Shanghai, China
- Status: announced
- Products: electric driven compressors, HVAC systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Marelli](https://endata.com/companies/5462.md)
- [Shanghai Highly (Group)](https://endata.com/companies/5463.md) (partner)
- [Johnson Controls-Hitachi Air Conditioning](https://endata.com/companies/5464.md) (partner)
- [Shanghai Highly New Energy Technology](https://endata.com/companies/41736.md) (target)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news/marelli-forms-strategic-partnerships-with-highly-group/), 2019-08-30: "This investment provides MARELLI with greater access to the Chinese market and will facilitate even greater investment in electrification technologies"
- [autocarpro.in](https://www.autocarpro.in/news-international/marelli-partners-shanghai-highly-for-ev-cooling-solutions-43985), 2019-09-03: "Today's announcement takes Marelli another step closer to achieving its goal of becoming a globally-diversified tier-one supplier."

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