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SK, Geely to jointly chip in for fund for mobility solutions

Sumary of SK, Geely to jointly chip in for fund for mobility solutions:

  • SK Holdings Co., the holding firm of the South Korean energy-to-telecom conglomerate, said Thursday it will team up with China’s Geely Automobile to launch a $300 million fund that invests in future mobility technology firms…
  • SK Holdings and Geely will each chip in $30 million for the proposed fund, and draw the rest to be financed from global investors, including European banks and Asian pension funds…
  • SK said the mobility fund will invest in companies with automated, connected and electric vehicle technologies, the future of mobility…
  • The two Asian companies will also collaborate in hydrogen, battery supply chain, semiconductor and self-driving technologies to explore new business opportunities in the future mobility technologies, the Korean firm said….

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