Business News 14/08/2023, 10:38

Chinese car brand enters Vietnam, sales to begin in October

On August 5, Lynk & Co Automobile International Sales Co. Ltd (Lynk & Co), together with GreenLynk Automotives Joint Stock Company, announced the official sale of Lynk & Co cars in Vietnam.

Chinese car brand enters Vietnam, sales to begin in October

In a strategic move aimed at expanding market presence and fostering sustainable practices within the automotive sector, Lynk & Co has joined forces with GreenLynk Automotives. This partnership not only signifies a significant expansion of Lynk & Co's product offerings but also underscores the brand's commitment to promoting eco-friendly solutions within the automotive industry. With plans to introduce a diverse range of vehicles, from gasoline to hybrid and electric models, Lynk & Co is set to make its mark on the Vietnamese automotive market.

Lynk & Co, a brand jointly owned by China's Geely and Volvo, has garnered substantial attention in the automotive world. Its products are meticulously researched and developed by Geely's R&D center in Sweden, resulting in a cumulative sales figure exceeding 860,000 units as of March 2023.

On the other hand, GreenLynk Automotives has established itself as a prominent player in the Vietnamese luxury car market. As the official distributor of Volvo Cars in Vietnam, the company boasts over eight years of experience in delivering high-end automotive solutions. Now, GreenLynk Automotives is poised to further its impact by introducing the Lynk & Co lineup to the Vietnamese audience. The launch is planned to encompass a lineup featuring Lynk & Co 01, Lynk & Co 03, Lynk & Co 05, and Lynk & Co 09 models, with an official release set for October. Additionally, the establishment of two Lynk & Co centers in Hanoi and Ho Chi Minh City is in the pipeline.

Reflecting on the collaboration, a senior vice president of Lynk & Co expressed the brand's enthusiasm for Vietnam's burgeoning automotive market. "Vietnam is a very attractive country for the automotive industry," the executive noted. "We believe that our partnership with GreenLynk Automotives is an important stride towards providing a remarkable and innovative experience for our customers in Vietnam."

VNECONOMY/ TRANSLATOR: NGỌC ÁNH
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