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Chinese-Swedish Lynk & Co debuts new electric vehicle in Europe
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Chinese-Swedish Lynk & Co debuts new electric vehicle in Europe
Oct 11, 2024 5:55 AM

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)

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