A new brand is planning their debut in Australia within the coming years.
Geely, the parent company of Volvo, has created a new car brand known as Lynk & Co. The Chinese car brand is planning to expand to Australia by 2025, with Geely announcing a strategy that is expected to boost sales by 2025. This includes the expansion into Australia & New Zealand.
Lynk & Co currently have several models on offer in China. An expansion to Europe has already started, with the Co 01 compact SUV now available. Furthermore, Lynk & Co is set to launch in the UK in 2022. The Co 01 is based on the Volvo XC40 SUV.
The Co 01 will be offered as a conventional hybrid and a plug-in hybrid, according to Dom Tripolone. However, it is likely a fully electric version of the vehicle will be available by the time it comes to our neck of the woods, as the XC40 also has a battery-powered option now.
Interestingly enough, there is a test with the vehicles in Europe at the moment whereby Lynk & Co vehicles can be bought as a subscription where customers pay a fee each month. The fee covers everything from insurance to roadside assistance and registration. The fee can be reduced by the owners sharing their vehicles with other members, charging them a usage fee.
The plug-in hybrid variant of the Co 01 has a turbocharged three-cylinder engine with an electric motor making a combined 195kW. The motor has a 14kWh lithium-ion battery. Additionally, the company claims it will take just 1.2L per 100km. It can be driven up to 69km on electric power and takes a further five hours to charge with an installed home AC wallbox charger.
On the other hand, the conventional hybrid will use the same set-up as its Toyota RAV4 hybrid counterpart. It makes do with the same engine and a smaller electric motor, powered by the 0.7kWh battery. Fuel use for this model is 6.6L per 100km.
Geely has plans to sell over 3.6 million cars by 2025 while cutting emissions by 25% in the same period. To this extent, the company has developed a range of full electric and hybrid vehicles. This includes long-range plug-in hybrids with an electric-only range of 200km.
The future of electric cars and lower emissions continues, with companies growing more reliant on this every day.