• Ernie Diaz

Geely Willikers - $300 million

China’s top domestic brand Geely is all-in on EV and other forms of “future mobility”. SK Holdings “pursues continuous happiness through deep change.” Together, they will chip in $60m for a new transport tech fund, open to both foreign investors and foreign investments.

“The fund is expected to reach USD $300 million,” says Edward Lehman. “The fund will be based in Hong Kong, a sign of its global approach to both raising and investing.”

Companies into AI, autonomous vehicles, and EV battery tech, especially, are advised to get their decks translated into Mandarin & Hangul, judging by the two companies’ recent partnership and investments: Baidu & Tencent; Foxconn, who figures if you can assemble iPhones, why not iCars?; and most interestingly PlugPower, which is invested in developing hydrogen as an alternative form of energy in Asia.

“Besides its volatility and thus potential for disaster, hydrogen makes a compelling case for alternative energy,” says Jimmie Jeremejev. “It will be intriguing to see if the use case can be made.”

2 views0 comments

Recent Posts

See All

Too Big to Bail

We'd like to bear witness against the notion that Chinese giants are simply propped up by their government when they stumble. Sure, China's central bank and regulatory bodies shut Anbang down a few ye

Schools & Regulations

First they came for the tech companies, and we did not speak, for cybersecurity and monopolies are a thing. Next they came for the listed education companies, and we did not speak, for anyone in China

Free Money

It's just the same as with your therapist: the more you open up, the harder it is to stop. Opening up the economy led to 9%= GDP growth for decades, a golden era of prosperity. Anyone grateful? Nope.