Geely to sell autos under Lynk & Co
Print Edition
Chinese automaker Geely, which owns Sweden鈥檚 Volvo Cars, plans to sell cars under its brand Lynk & Co in the European market from 2020, a statement provided by the company said yesterday.
Lynk & Co鈥檚 first model 鈥 01 PHEV 鈥 will be made at Volvo's plant in Belgium in 2019 and sold in the European market in the first half of 2020. Lynk & Co said it will open its first European store in Amsterdam in 2019.
The plan envisages Lynk & Co to open stores in Barcelona, Berlin, Brussels and London in the future and gradually expand its footprint to other European cities. Geely said it will also promote online sales in Europe.
鈥淟ynk & Co will manufacture vehicles in Europe and for Europe, with a key focus on hybrid vehicles at the first stage. We will target young consumers who are connected and live in urban areas,鈥 said Alain Visser, senior vice president of Lynk & Co.
Volvo Cars said in a statement that it is backing the expansion of Lynk & Co in Europe.
鈥淲e see a big potential for this new brand entering the European market,鈥 said Hakan Samuelsson, president and CEO of Volvo Cars.
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