S Korea's SK Holdings partners China's Geely for $300m mobility fund

S Korea's SK Holdings partners China's Geely for $300m mobility fund

A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province, China August 4, 2017. REUTERS/Aly Song/Files

South Korea’s SK Holdings Co Ltd said on Thursday it and China’s Zhejiang Geely Holding Group Co Ltd will each invest $30 million in a new mobility investment fund whose size they plan will reach $300 million in total.