Marelli

Highly Marelli's Wuhu plant in Anhui province, China, has begun operation after its first mass-produced heat exchanger rolled off the line on 20 June 2022. The plant will produce HVAC units and heat exchangers for new energy vehicles, with annual capacity of 800,000 HVAC units and 7 million heat exchangers.

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.

The joint venture Highly Marelli Holdings between Highly International and Marelli Corporation was officially established on January 28, 2021. It focuses on electrified compressors, heat pumps and HVAC systems for vehicles, with direct access to the Chinese market.

Marelli is opening a production facility for electric drivetrains in Cologne, Germany, on 18,000 square metres, with production slated to start in the first half of 2021 and about 160 employees.

Marelli and Highly International signed an agreement to create Highly Marelli Holdings, a joint venture focused on electrified compressors and HVAC, with legal closing planned for early January 2021.

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.

Marelli agreed an equity transfer agreement with Johnson Controls-Hitachi to acquire an equity interest in Shanghai Highly New Energy Technology, an electric compressor maker, with completion estimated in Q3 2019.