Volvo Cars to become Lynk & Co's European distributor starting 2027
Volvo Cars to become Lynk & Co's European distributor starting 2027 BEIJING, Sept 10 (Reuters) - Volvo Cars VOLCARb.ST will become the exclusive distributor for Lynk & Co cars in Europe starting January 2027, Lynk & Co brand owner Geely said on Thursday.
Volvo Cars and Geely Auto Group reached a final agreement about the cooperation on Thursday, the Chinese carmaker said in a statement.
Volvo Cars, owned by Geely Auto Group's parent Geely Holding, will assume full responsibility for Lynk & Co's local commercial and operational activities.
Chinese automakers, including Geely and electric vehicle leader BYD 002594.SZ, have been expanding their presence in Europe amid intense competition at home and a global shift towards EVs.
(Reporting by Yukun Zhang and Ryan Woo;
Editing by Tomasz Janowski)
((yukun.zhang@thomsonreuters.com))
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