- In June 2021, Hisense Group acquired Sanden Corporation for USD 195.6 million. This strategic acquisition expanded Hisense's presence in the automotive compressor market and enhanced its capabilities in electric vehicle HVAC solutions
- In January 2022, TCCI Manufacturing launched an 850V electric compressor tailored for commercial transport applications. This advanced compressor provides efficient cabin and battery cooling for electric vehicles, supporting the shift toward sustainable mobility
- In February 2024, Hanon Systems celebrated the opening of a state-of-the-art engineering center in Palmela, Portugal. Strategically located within its compressor manufacturing campus, operational since 1998, the facility is dedicated to advancing electric scroll compressor technology for European markets. Spanning 2,488 square meters, the center consolidates testing operations, prototype assembly, and engineering workspaces. It features capabilities such as inverter software development, compressor design, and environmental performance testing. Nearly 100 specialists are employed, with plans for expansion to meet future demands. This initiative underscores Hanon Systems' commitment to innovation and sustainability
- In April 2024, Astute Analytica forecasted that the automotive electric HVAC compressor market would grow to USD 66.52 billion by 2032. This growth is attributed to the rising adoption of electric vehicles and the increasing demand for efficient climate control systems
