Following shareholder approval for divesting its entire shareholding in Lynk & Co, Volvo Cars underlines its commitment to its ongoing commercial partnership with Lynk & Co in Europe.
In September 2024, both companies formed a retail partnership, which Lynk & Co will leverage with several Volvo Cars retailers in seven European markets through a wholesale model. This wholesale model allows customers to buy Lynk & Co cars directly from one of the chosen Volvo Cars retailers.
Apart from new car sales, the retail partnership includes a joint effort around used car sales and collaboration in spare parts distribution and overall logistics. The commercial partnership was formalised in late 2024 through the creation of a joint venture company and is operational in Sweden, Germany, the Netherlands, Belgium, France, Spain and Italy, with the potential to add more European markets.
The retail partnership reinforces synergies for both companies, allowing Lynk & Co to access Volvo Cars’ established market presence. At the same time, the partnership will create additional revenues and business opportunities for the group of Volvo Cars retailers in the seven chosen markets.
“Our commercial partnership with Lynk & Co has all the ingredients required for continued success,” says Arek Nowinski, President for International Markets at Volvo Cars. “While Lynk & Co remains responsible for its product development and sales strategy, our retail expertise and operational processes will help their brand expand its business in Europe. Volvo Cars and Lynk & Co are well aligned on the strategy for this partnership to ensure it is a success.”
Earlier, Volvo Cars obtained approval from its shareholders for its plan to divest its 30 per cent stake in Lynk Co, first announced in November 2024. The transaction represents a consideration of RMB 5.4 billion (approximately SEK 8 billion).