Marelli and Highly Establish New Joint Venture

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Marelli and Highly Establish New Joint Venture

Sep 8, 2020

Japanese automotive supplier Marelli and Shanghai-listed Highly International have reached an agreement to establish a new joint venture, Highly Marelli, to focus on heating, ventilation & air conditioning (HVAC) and electric driven compressor (EDC) systems.

(Marelli)

Soumen's key takeaways:

The JV follows Marelli’s acquisition of equity interest in Shanghai Highly New Energy Technology Co from Johnson Controls-Hitachi Air Conditioning in August 2019.
With this JV, Marelli will get access to the growing automotive market in China. Also, Marelli is now another step closer to becoming a globally diversified Tier 1 supplier.
Marelli’s expertise in thermal management solutions will help Highly to improve its products and create better value for customers.

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