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Marelli and Highly have signed an agreement to establish a new joint venture, Highly Marelli Holdings, focused on compressors and HVAC systems for automotive cabin comfort. The JV will be registered in Hong Kong with operational headquarters in Shanghai and Saitama.
“This is a strategically significant and exciting partnership for MARELLI.”highly-marelli.com
Summarized from public sources; check the original articles before acting on it.