November 23, 2018 13:55 CET
STOCKHOLM — Volvo Cars has decided to delay its plan to start building Lynk & CO vehicles at its plant in Belgium at the end of 2019 due to increased macro-economic uncertainty.
The Lynk & CO brand is co-owned by Volvo’s owner, China’s Zhejiang Geely Holding Group and its two automakers Volvo and Geely Auto. It began sales in China last year, with Europe set to follow in 2019, and the United States in 2020.
A Volvo spokesman said the decision would neither impact employment in Ghent, nor Lynk & CO’s plans to begin selling cars in Europe.
The Lynk 01 compact SUV is currently on sale in China, to be followed by the 02, a more sports-oriented crossover, and the 03, a compact sedan.
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