Geely hands Lynk & Co's European business to Volvo's retail network

Geely Auto and Volvo Cars have signed a definitive agreement under which the Swedish automaker will become the sole distributor of Lynk & Co in Europe from January 2027, taking over the brand's commercial and brand operations in the region and putting its established sales and after-sales network at Lynk & Co's disposal. Ownership remains untouched: Geely keeps charge of product development, regulatory certification and the brand's global strategy.

The deal marks another step away from the subscription-first pitch Lynk & Co made when it laid out its European plan in 2020, toward growth through a conventional dealer network. It lands at a rough moment for the brand — August deliveries fell 37 percent year-on-year to 17,027 vehicles, and sales across the first eight months of 2026 were down 15 percent at 177,624.

The two companies have long been intertwined: they jointly created Lynk & Co in 2017, and Zeekr's buyout of a 51 percent stake — including Volvo's 30 percent holding — closed in February 2025, after which Volvo pledged continued operational cooperation in select markets. For Geely overall, exports are doing the heavy lifting: August shipments jumped 205 percent to a record 110,094 units, the eighth straight monthly high, offsetting weak domestic demand and lifting total sales 8.01 percent to 270,194. The group has raised its full-year export target to 920,000 vehicles from 640,000.