FRANKFURT, Sept 11 (Reuters) - Chinese-Swedish EV brand
Lynk & Co, which will launch its first China-made
battery-electric car in Europe next month, said it did not
intend to pass on the cost of looming tariffs on the vehicle to
consumers.
"We cannot - a lot of the competitors are produced in Europe
... we need to price the car correctly in the market and work
from there," the brand's CEO for Europe, Nicolas Appelgren, said
in an interview at the Automechanika autos trade fair in
Frankfurt.
Still, whenever the brand - co-owned by Zhejiang Geely
Holding Group and Volvo Cars - releases
its next battery-electric car in the region, it will be made in
Europe, Appelgren said, adding Geely was scouting locations for
a plant.
Lynk & Co's battery-electric car, a compact SUV, would be
subject to a tariff of 18.8% under current plans by the European
Commission to counter what it says are unfair subsidies for EV
makers producing in China.
The carmaker has not yet released a price for the vehicle, a
compact SUV based on the same platform as Volvo's EX30 and
Zeekr's X, which sell at around 40,000 to 45,000 euros
($49,621.50) in Germany.
"We need to find a solution but it's not a knife to the
throat," Appelgren said.
His comments contrast with those by the CEO of car brands
SEAT/CUPRA, Wayne Griffiths, who said a 21.3% tariff on the
CUPRA Tavascan EV, also made in China, would put the financial
future of the company at risk.
Without the projected Tavascan sales, CUPRA - a brand owned
by Volkswagen's Spanish subsidiary SEAT S.A. - would
miss EU-mandated carbon dioxide reduction targets next year due
to its combustion engine sales and face heavy fines, unlike Lynk
& Co which produces only electric cars.
The Swedish brand sells and rents its first European model,
a hybrid SUV, in seven European markets and is in negotiation
with retailers across the region to put its cars in showrooms by
the end of this year, Appelgren said.
It plans to launch another plug-in hybrid next year and
expand its sales to fleet buyers, who account for the majority
of EV purchases in the region.
($1 = 0.9069 euro)