DOJ Clears Paramount Skydance-Warner Bros. Discovery Merger Without Conditions 
Exxon Mobil Set to Appoint Alex Volkov as Global Trading Chief 
Sigma Healthcare Shares Slide Amid Preliminary Boots Acquisition Talks 
Astera Labs and Rocket Lab Surge After Nasdaq-100 Inclusion Announcement 
oOh!media Takeover Battle Intensifies as Bain Capital Joins Competing Bids 
Changchun Targets EV Growth as China’s Auto Industry Consolidation Accelerates 
EngineAI Files for Hong Kong IPO Amid Rising Demand for AI and Robotics Stocks 
Frasers Group Launches €2 Billion Hugo Boss Takeover Offer Amid Control Speculation 
Hanmi Semicon Shares Surge After $33 Million SpaceX Investment 
SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion 
OpenAI May Slash AI Service Prices Amid Growing Rivalry With Anthropic 
Honda Leadership Crisis Deepens as Retired Executives Challenge CEO Toshihiro Mibe’s Strategy 
Wizz Air Beats Profit Forecast as Cost Controls Offset Industry Challenges 
Coupang Hit With Record $409 Million Fine Over Data Breach Affecting 33 Million Users 
Meta Partners With Reliance to Launch First AI-Powered Data Center in India 
Woodside Energy Acquires PetroChina’s Browse Stake, Expands Position in Major Australian Gas Project 
Adobe Beats Q2 2026 Estimates, Raises Full-Year Outlook as AI Revenue Surges Despite Stock Drop 
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.
