A Lynk & Co 07 GT in an official promotional image. Credit: Lynk & Co.
- Volvo Cars will take charge of Lynk & Co’s commercial and brand operations in Europe from January 2027, providing retail and after-sales network support.
- The partnership involves no ownership changes, with Geely Auto retaining responsibility for Lynk & Co’s global product development and overall brand strategy.
Geely Auto (HKEX: 0175) has reached a definitive agreement with Volvo Cars that will make the Swedish automaker the exclusive distributor for Geely Auto’s Lynk & Co brand in Europe.
The arrangement will take effect in January 2027, with Volvo Cars assuming full responsibility for Lynk & Co’s commercial and brand operations in Europe, according to a statement Geely released on Thursday.
The partnership will allow Lynk & Co to expand through Volvo Cars’ established retail and after-sales service networks in Europe. It comes as Lynk & Co’s sales face pressure while overseas markets underpin Geely’s overall growth.
Geely said the cooperation will help Lynk & Co shift toward a more scalable retail model in Europe, expanding its market presence and improving customer reach.
When Lynk & Co unveiled its European strategy in September 2020, its main selling point was a subscription model offering flexible vehicle access for a monthly fee. The latest agreement further reinforces its shift toward expansion through a dealer network in Europe.
The partnership involves no changes to the ownership structure. Geely will continue to lead Lynk & Co’s global product design, research and development, regulatory certification and overall brand strategy.
Volvo Cars will handle Lynk & Co’s market operations in Europe, while Geely retains control of the brand’s core product activities.
Lynk & Co was jointly founded by Geely Auto and Volvo Cars in 2017.
In November 2024, Lynk & Co’s sister brand Zeekr announced a series of equity acquisitions and a capital injection to secure a 51% stake in the company, including the purchase of Volvo Cars’ 30% holding. The transaction was completed in February 2025.
Volvo Cars said at the time that it would continue to pursue operational cooperation with Lynk & Co in selected markets of strategic importance to both companies after selling its stake.
The latest agreement comes as Lynk & Co faces declining sales. The brand sold 17,027 vehicles in August, down 37% year-on-year, while sales in the first 8 months fell 15% to 177,624 vehicles.
Lynk & Co Brand Monthly Deliveries 2024-2026
Month
2024
2025
2026
January
28,176
30,077
28,877
February
13,209
17,238
27,359
March
19,671
25,293
25,426
April
18,727
27,589
22,755
May
21,778
27,630
20,732
June
24,439
26,310
19,066
July
21,272
27,216
16,382
August
22,528
27,217
17,027
September
25,803
32,902
October
31,074
40,213
November
32,679
35,059
December
26,085
33,751
Lynk & Co brand monthly deliveries
2024
2025
2026
Geely’s exports, by contrast, continued to strengthen. August exports rose 205% year-on-year to 110,094 vehicles, setting a monthly record for the eighth consecutive month and accounting for about 41% of total sales.
Export growth offset a decline in domestic sales, lifting Geely’s total August sales by 8.01% year-on-year to 270,194 vehicles, according to data compiled by CnEVPost.
Geely raised its annual export target in August to 920,000 vehicles from 640,000. Exports in the first 8 months totaled 690,985 vehicles, meeting about 75% of the revised goal.
The Lynk & Co 07 GT secured more than 35,000 pre-orders in 24 days of pre-sales, with its launch coming as the brand’s sales continue to decline.
