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Volvo Cars delays plan to build Lynk & CO vehicles in Belgium
Reuters | 2018/11/27

STOCKHOLM -- Volvo Cars has decided to delay a plan to start building Lynk & CO vehicles at its plant in Belgium at the end of 2019 due to increased economic uncertainty, a spokesman for the carmaker said.

The Lynk & CO brand is co-owned by Volvo Cars' owner, China's Zhejiang Geely Holding Group, and its two carmakers Volvo and Geely Auto. It began sales in China last year, with Europe set to follow in 2019, and the United States in 2020.

The spokesman said the decision would neither impact employment in Ghent, nor Lynk & COs plans to begin selling vehicles in Europe.

Since November 2017, Lynk & CO has launched sales of three models in China: the 01 and 02 compact crossovers and the 03 compact sedan. The 01 also offers a plug-in hybrid version in the market. These products share a platform with the Volvo XC40.

Under Volvos original plan, the plug-in version of the Lynk & CO 01 will be assembled at Volvos plant in Ghent, Belgium in 2019. The vehicle is expected to hit the European market in 2020. 

Economic growth is slowing in Europe, China and other key markets in part because of rising interest rates and the impact of trade disputes between the United States and its key trading partners.

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