Oct 11 (Reuters) - Lynk & Co debuted its new
battery-electric 02 vehicle in Europe on Friday as the
Chinese-Swedish brand looks tap into new markets and boost
sales.
The introduction of the 02 to the European market comes at a
challenging time for automakers who are currently struggling
with weak demand for electric vehicles in major markets like
China and U.S as well as hefty tariffs on China-made electric
vehicles.
The 02 model will start at 35,495 euros ($38,799.58) and be
available for online sales in the continent from Friday.
"We are expanding our business model, growing our product
portfolio, and venturing into new markets," said Lynk & Co
International's CEO, Nicolas López Appelgren.
Despite heavy tariffs that have caused other automakers to
adjust their manufacturing and distribution strategies,
Appelgren said last month that the company does not plan on
raising prices.
The company - co-owned by Geely and Volvo Cars
- currently sells and rents its older plug-in hybrid SUV in
several European markets and is in negotiations with retailers
to put its cars in showrooms by the end of the year.
Lynk & Co plans to launch a new plug-in hybrid vehicle next
year and expand its sales among fleet buyers, who account for
the majority of electric vehicle purchases in continental
Europe.
($1 = 0.9148 euros)