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VOLCAR B Volvo Car AB News Story

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Brief: Volvo Cars, Geely Auto Sign MoU For Partnership With Lynk & Co In Europe

March 30 (Reuters) - Volvo Car AB VOLCARb.ST:

INTENDS TO BECOME IMPORTER OF LYNK & CO CARS IN EUROPE ACCORDING TO A SIGNED MOU WITH GEELY AUTO

INTENDS TO BECOME IMPORTER OF LYNK & CO CARS IN EUROPE ACCORDING TO A SIGNED MOU WITH GEELY AUTO

TO SELL AND SERVICE LYNK & CO CARS THROUGH ITS RETAILERS

INTENDS TO USE VOLVO CARS RETAILERS FOR SALE OF LYNK & CO CARS AND USE ITS SALES AND SERVICING SYSTEM IN RELEVANT MARKETS.

INTENTION IS TO CREATE SYNERGIES WITH VOLVO CARS BY OPERATING LYNK & CO BRAND THROUGH ITS CENTRAL COMMERCIAL OPERATIONS AND ON A MARKET LEVEL

GEELY AUTO GROUP RETAINS CONTROL OF LYNK & CO OPERATIONS OUTSIDE EUROPE

THIS COMMERCIAL PARTNERSHIP WILL ALLOW LYNK & CO TO SCALE FURTHER BY USING TRUSTED VOLVO CARS RETAILER NETWORKS AND CONVENIENTLY LOCATED SERVICE POINTS

Source text: ID:nWkr18sgl

Further company coverage: VOLCARb.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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