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ios developer account:S.Koreau0027s SK says investing in $300 mln mobility fund with Chinau0027s Zhejiang Geely


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,SEOUL, March 18 - South Korea's SK Holdings Co Ltdon Thursday said it and China's Zhejiang GeelyHolding Group Co Ltd will each invest $30 million ina new mobility investment fund whose size they plan will reach$300 million in total. The holding firm of South Korea's third-largest conglomerateSK Group in a statement said the fund will invest in promisingcompanies in fields such as autonomous driving, electrificationand connectivity, and plans to attract a variety of globalinvestors, including European banks and pension funds in Asia. SK also said it and Zhejiang Geely, parent of GeelyAutomobile Holdings Ltd, have agreed to promotediverse cooperation in next-generation mobility businessesinvolving hydrogen fuel, battery-related materials, chips andautonomous driving technology. Zhejiang Geely did not provide an immediate comment. REUTERS