Lynk & Co successfully launched on the Chinese market
Lynk & Co, the new subsidiary of Volvo-parent Geely, launched its 01 SUV online and in stores across China. A European launch is planned for 2019.
Lynk & Co’s first online store opened for pre-sales on 17 November and received 6,000 orders for the 01 in 2 minutes 17 seconds. The planned three-day pre-sales event completely sold out in just 137 seconds.
"The Lynk & Co 01 has become the fastest selling car in the world," commented a spokesperson.
The new Geely subsidiary Lynk & Co was announced in November 2016. The company describes its cars as "smartphones on wheels", focusing on connectivity, ease of use and sharing options. Lynk & Co does away with options and trim levels and replaces them with fully-equipped collections sold at a fixed price.
Prices for the Chinese market range between RMB 158,000 and RMB 202,800 (around €20,000 to €25,000 or $24,000 to $30,000). European-market models will feature more technology and connectivity functions and will command a higher price. Whereas Chinese models are powered by Volvo-derived petrol engines, European models will be equipped with electrified powertrains.