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Marelli to acquire stake in Shanghai Highly New Energy Technology

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Joint-ventures

MARELLI, Highly Group to form JV to operate the business currently owned by MARELLI for compressors and HVAC

MARELLI has entered into a strategic partnership with China-based Shanghai Highly Group, the company said in a press release on 30 August. Under the partnership, MARELLI has reached an equity transfer agreement to Johnson Control-Hitachi Air Conditioning (JCH) to acquire stake in Shanghai Highly New Energy Technology (HNET), a joint venture between JCH and Highly Group. The JV, formed in 2016, supplies electric drive compressors (EDC) for hybrids and electric vehicles.

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