Volvo Cars and Geely Auto have agreed that Volvo Cars will become the exclusive importer of Lynk & Co vehicles in Europe, expanding an existing collaboration between the brands.
The agreement, outlined in a letter of intent, remains subject to a final binding contract. Under the proposed arrangement, Volvo Cars will take responsibility for Lynk & Co’s commercial and brand operations in Europe, leveraging its established dealer network to support the brand’s regional growth.
The move builds on a current setup in which Volvo Cars and Lynk & Co models are already sold through shared retail locations in selected European markets. The expanded partnership is expected to improve efficiency and create synergies in distribution and aftersales services.
“The partnership states Volvo Cars becoming the exclusive importer of Lynk & Co cars in Europe and being responsible for Lynk & Co’s commercial and brand operations in Europe, further supporting the brand’s growth plans in the region,” the companies said in a joint statement.
Erik Severinson, Chief Commercial Officer at Volvo Cars, said: “With this new arrangement, we will leverage our commercial system to support Lynk & Co’s growth ambitions in Europe. At the same time, it enables Volvo Cars and our retail partners to address a wider customer base.”
Lynk & Co, established in 2017 as a joint venture between Geely and Volvo Cars, initially focused on hybrid and plug-in hybrid vehicles. The brand has since expanded into battery-electric vehicles, including the 02 electric SUV, marketed as the Z20 in China.
The ownership structure of Lynk & Co has evolved in recent years. Zeekr became the majority shareholder with a 51% stake in early 2025 after acquiring shares from both Volvo Cars and Geely, which now retains the remaining 49%.
The partnership reflects broader restructuring efforts by Geely Holding to streamline its portfolio and reduce internal competition among brands such as Volvo, Zeekr, Lynk & Co, Polestar, and Lotus.
Geely is also preparing to expand its own brand presence in Europe. The company plans to launch two SUVs in markets including Germany, Spain, the Netherlands, Belgium, and Luxembourg, as it builds out its regional footprint through dedicated retail networks.
