South Korea’s SK Holdings Co Ltd 034730.KS said on Thursday it and China’s Zhejiang Geely Holding Group Co Ltd GEELY.UL will each invest $30 million in a new mobility investment fund whose size they plan will reach $300 million in total.
The fund will invest in promising companies in fields such as autonomous driving, electrification and connectivity, and aims to attract global investors, including European banks and pension funds in Asia, the holding firm of South Korea’s third-largest conglomerate SK Group said in a statement.
SK also said it has agreed with Geely, parent of Geely Automobile Holdings Ltd 0175.HK, to promote diverse cooperation in next-generation mobility businesses involving hydrogen fuel, battery-related materials, chips and autonomous driving technology.
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