# Shanghai Highly and Marelli complete auto parts joint venture

Shanghai Highly Group and Marelli Holdings announced the completion of a joint venture transaction for auto parts, after Marelli divested and restructured its related business. The venture covers cooling and heating components for vehicles.

- Type: Acquisition
- Announced: 2021-02-02
- Status: completed
- Products: auto parts, cooling and heating components, core components for new energy vehicles
- 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

- [markets.businessinsider.com](https://markets.businessinsider.com/news/stocks/closing-of-highly-and-marelli-auto-parts-joint-venture-project-1030030143), 2021-02-02: "Marelli had divested and restructured its assets and business of automotive"

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