Maersk Q1 Earnings Beat Expectations as Iran Conflict Clouds Shipping Outlook 
AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says 
Shell Q1 Profit Surges to Two-Year High as Dividend Rises Despite War-Driven Debt Pressure 
Armani Group Eyes Strategic Stake Sale to Luxury Giants 
Hantavirus Cruise Ship Outbreak Triggers Global Health Alert 
China Banks Halt New Loans to Sanctioned Refineries Amid U.S.-Iran Oil Crackdown 
Sony Forecasts Lower 2027 Profit Despite Strong Music and Sensor Growth 
JD Sports Backs Nike CEO Elliott Hill Amid Brand Turnaround Efforts 
US Auto Industry Urges Trump to Block Chinese EV Market Access 
Morgan Stanley Bets on Optical Component Stocks in Greater China Tech Sector 
K+S Raises 2026 Earnings Outlook After Strong Q1 Results 
AWS Data Center Overheating Disrupts Cloud Services in Northern Virginia 
Goldman Sachs Delays Fed Rate Cut Forecast to 2026 Amid Rising Inflation Concerns 
Nintendo Shares Tumble as Weak Forecast and Rising Switch 2 Costs Worry Investors 
TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit 
AcadeMedia Q3 Profit Climbs as International and Adult Education Segments Drive Growth 
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.
