Hyperdrive
Geely’s Lynk & Co. Sets Sights on U.S. for Car Sharing Concept
- Shipments of Lynk’s 01 SUV to Europe start next month
- Peer-to-peer sharing viable in U.S. market, CEO says
A Lynk & Co. 02 crossover, manufactured by Geely Automobile, at the Beijing International Automotive Exhibition in 2018.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Lynk & Co. is eyeing an expansion of its novel approach of vehicle ownership and car sharing to the U.S. as the brand backed by Volvo Cars and China’s Geely Automobile Holdings Ltd. prepares to deliver its first vehicles in Europe.
The company, which is shipping its China-made 01 SUV to customers in Europe next month, offers buyers several options to own and use a car. As well as an outright purchase, customers can choose a monthly subscription and elect to rent out the vehicle to others via an app.