Highly Focuses on Compressors for New Energy Vehicle Air Conditioning
2021-01-03
On November 6, Shanghai Highly announced that the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) in Shanghai approved its non-public offering of A-shares to raise approximately RMB 1.6 billion (US$ 243 million) to invest in projects. Of this new capital, RMB 500 million (US$ 76 million) will be used to increase the annual production of 650,000 units of compressors for new energy vehicle air conditioning and RMB 616 million (US$ 94 million) will be used to build the Highly Technology Innovation Center (HTIC).
