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Geely and Volvo’s Lynk & CO brand have the potential to make a profit in a year or two, CEO said.

From Nürtingen, Germany-The Lynk & CO brand, a joint venture between Giryu and Volvo Cars, sells and rents cars to customers on a monthly basis, which could be profitable within a year or two, CEO Alain Visser said. Said.

“I was able to make a profit in a surprisingly short time of a year or two,” he said. Wisser said Said Thursday at a car conference in Nürtingen near Stuttgart.

Visser worked for General Motors, Ford, and Volvo before taking over to Lynk & CO.

Currently the brand Offering only one 01 compact crossover made in China In the hybrid and plug-in hybrid formats from € 35,000 to € 42,000 ($ 40,635 to $ 48,795), sales increased 29% to 17,077 units in the first half of 2021, Geely reported in July.

However, the main measure of its success is the number of monthly members, which reached 25,000 in September of this year.

“There is a conflict of interest between sharing a car and selling it,” Wisser said. “Lynk & CO doesn’t have to sell a car.”

The brand’s next model will be a fully electric vehicle, without specifying when it will be released, Wisser said. “The next model is certainly all electric … the charging infrastructure isn’t ready yet,” he said.

https://njcar.org/automotive-news/dealer-headlines/lynk-co-could-be-profitable-in-1-2-years-ceo-says/ Geely and Volvo’s Lynk & CO brand have the potential to make a profit in a year or two, CEO said.

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