Chinese car Lynk & Co to come to Vietnam in October
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Lynk & Co cars will be sold in Vietnam from October, according to their distributor GreenLynk Automotive.
The brand is jointly owned by China’s Geely and Volvo Car, who develop the cars on the compact modular architecture Evo platform with engines produced in Sweden and the vehicles assembled in China, GreenLynk said.
Its models have serial numbers rather than names, and currently the range extends from 01 to 09.
04 is a foldable electric scooter. GreenLynk said it would be selling 01, 03, 05 and 09. 01 is a C-segment SUV, 03 is a C-segment sedan, 05 is also a C-segment SUV but with a coupe-like hybrid design, and 09 is a midsize SUV developed with Volvo.
GreenLynk is an affiliate of transport infrastructure developer Tasco, which fully owns car distribution giant SVC Holdings.
It can thus take advantage of the 83 car showrooms SVC Holdings has, but has not said if it would use them for the Lynk & Co cars.
Lynk & Co was founded by Geely in 2016, six years after it bought Volvo from Ford.
In Europe, Lynk & Co does not sell cars in the traditional manner: Its customers do not own the cars, but pay a monthly or other usage fee.
It is the latest Chinese car brand to enter Vietnam in the last few months after Wuling and Haval.
According to experts, the wave of Chinese cars flooding Vietnam has become overwhelming this year though the vehicle market is dormant due to the economic situation.
Questions & Answers
Q.Which specific Lynk & Co models will be available for purchase in Vietnam?
Which specific Lynk & Co models will be available for purchase in Vietnam?
GreenLynk has stated that it will be selling the 01, 03, 05, and 09 models. These include two C-segment SUVs, a C-segment sedan, and a midsize SUV developed with Volvo.
Q.How does Lynk & Co's business model in Europe differ from traditional car sales?
How does Lynk & Co's business model in Europe differ from traditional car sales?
In Europe, Lynk & Co operates differently as customers do not purchase and own the cars outright. Instead, they pay a monthly or alternative usage fee for access to the vehicles.
Q.What is the relationship between GreenLynk Automotive and the larger automotive distribution network?
What is the relationship between GreenLynk Automotive and the larger automotive distribution network?
GreenLynk Automotive is an affiliate of Tasco, a transport infrastructure developer. Tasco fully owns SVC Holdings, which is a major car distribution company with 83 showrooms.
Q.Who are the parent companies behind the Lynk & Co brand?
Who are the parent companies behind the Lynk & Co brand?
Lynk & Co is a brand jointly owned by China's Geely and Volvo Car. Geely founded Lynk & Co in 2016, six years after acquiring Volvo from Ford.
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