Geely and Volvo’s Lynk & Co set to expand to Gulf region in Q4 2021
SHANGHAI, Oct 20 (Reuters) – Geely (GEELY.UL) and Volvo Automotive’s joint Lynk & Co model stated on Wednesday it plans to broaden its gross sales community past China and Europe to the Gulf area within the fourth quarter of this yr.
Lynk & Co, which sells and rents automobiles to prospects on month-to-month subscriptions, may also start its Asian market growth “sooner or later”, it stated in a press release.
It can primarily promote its automobiles by sellers within the Center East and Asia, like China, somewhat than use the subscription mannequin it has established in Europe, stated Lin Jie, a Geely Auto senior vp who additionally oversees Lynk & Co’s gross sales.
He didn’t specify which nations it deliberate to enter however stated the corporate would concentrate on locations with a left-hand drive system, like China.
The five-year-old model, which presently presents only one China-made SUV compact automobile in hybrid and plug-in hybrid type, noticed 29% gross sales development within the first half of 2021 to 17,077 models, Geely reported in July.
Final week, its CEO Alain Visser advised a automobile convention in Germany that the corporate might be worthwhile inside one or two years in Europe.
Lin stated the model had additionally began to trial a subscription-like service within the jap Chinese language cities of Hangzhou and Ningbo.
Reporting by Brenda Goh;
Enhancing by Bernadette Baum
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