Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List 
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand 
GameStop Eyes eBay Acquisition as Stock Prices Surge After Hours 
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement 
Berkshire Hathaway Q1 Earnings Jump 18% as Greg Abel Signals Disciplined Growth Strategy 
U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats 
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S. 
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges 
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings 
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth 
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance 
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance 
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift 
SK Group and Geely are set to work together after signing a partnership deal to form a hydrogen business. It was reported that the South Korean conglomerate is planning to start a new venture and tapped China’s automotive company Geely for the project.
New business alliance between Chinese and South Korean firms
As per the Korea Times, the partnership between Geely and SK Group could have something to do with the projects involving fuel-cell electric vehicles (FCEVs) that are using gas. The leading South Korean investment company confirmed that it is in talks with the Chinese automaker for a business partnership.
It was said that the exact nature of the business that the SK Group and Geely will be doing is not yet known because the former did not clarify which businesses they will be pursuing together. Then again, based on the statements of business insiders, it was said that the two firms are planning to establish a mutual fund worth billions of won and use the money to invest in developing eco-friendly vehicles.
Such type of cars that they are intending to build are the hydrogen FCEVs. SK Group and Geely may also try other joint ventures and they have many options to choose from.
In any case, if SK and Geely’s latest business alliance is really aimed at developing hydrogen-powered cars, it was predicted that the former’s efforts to boost its presence in this industry will surely pay off.
About SK’s hydrogen venture
Prior to the partnership with Geely, SK Group already invested $1.5 billion on Plug Power, an American company engaged in the development of hydrogen fuel cell systems. It was said that the strategic partnership was formed to accelerate hydrogen economy expansion on Asian markets.
SK Holdings procured a 9.9% stake in Plug Power for $1.5 billion for the partnership. On the other hand, Geely is also exploring and has an intention to accelerate its growth in various industries thus the teaming up with SK is a great decision for the two companies. With their potential plan for eco-friendly FCEVs, their alliance may prove to be very beneficial to both sides as they will also be achieving their individual company goals.
