Automotive News Europe
February 8, 2018 16:21 CET
BOCHUM, Germany – Chinese-backed startup Lynk CO will confirm in a entrance weeks either to go forward with skeleton to build a 01 crossover in Europe during a finish of subsequent year, a tip executive pronounced during an attention congress.
The 01, a brand’s initial model, shares a height with a XC40 made by Volvo Cars in Ghent, definition one choice would be to locate prolongation in Belgium. Another is simply to import it from China, where a car is now built during a plant in Luqiao.
“Since a timeframe is a finish of 2019, we positively should have an answer to that in a subsequent one to dual months,” Alain Visser, Senior Vice President during Lynk CO, pronounced during a CAR Symposium in Bochum.
Visser pronounced there was a third choice that enclosed prolongation on a European continent elsewhere. He declined to contend either this competence be public during a agreement carmaker such as Austria’s Magna Steyr or Finland’s Valmet.
Visser’s comments follows remarks by Volvo CEO Hakan Samuelsson that Volvo could build Lynk CO cars in Belgium and might also extend a European service and logistics infrastructure to a new brand.
Volvo owns 30 percent of Lynk CO, while Geely Automobile Holdings binds 50 percent. The rest is with Zhejiang Haoqing Automobile Manufacturing, that is tranquil by Zhejiang Geely. Lynk CO shares a prolongation line with a Volvo XC40 in a bureau in Luqiao, that is 350 km south of Shanghai.
Lynk CO had a three-day online sales debate in China for a 01 in November. In only over 2 minutes, a batch of 6,000 vehicles was sole out. Officially a car went on sale in 150 code stores opposite a nation on Nov. 28.
Visser pronounced a start of sales in China was essential to give government certainty in a stream targets, that embody a half million vehicles by a finish of 2021, roughly a entertain entrance from Europe.
“It hasn’t altered a skeleton for a US and Europe with a difference that it has indeed tends to put upwards vigour on a volume expectations. The half million by 2021 is still a central figure though it is now seen internally as intensely regressive and a 100,000 in China for this year we perspective as really realistic,” he said.
“This really certain start [in China] has caused us to trust a 500,000 idea is indeed probable and afterwards some, actually,” Visser said.
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