On the eve of the Guangzhou Auto Show on November 18th, the first stop of Lynk & Co’s “Asia-Pacific Plan” officially landed in Kuwait, with the Lynk & Co 01 becoming the first model to enter the market. Lynk & Co will cooperate with Al Zayani Group to develop the market through a “distribution” model, and create the first Co:Club Lynk & Co official car owner club in the Asia-Pacific region.
The Lynk & Co 01, which landed in Kuwait this time, is divided into Hyper and Hyper Pro versions, with prices of 8,980 KD (about RMB 189,500 yuan) and 9,780 KD (about RMB 206,400 yuan), respectively.
As the first country to be visited by the Lynk & Co “Asia-Pacific Plan”, the urbanization rate in Kuwait has reached 100%, making it one of the countries with the highest urbanization rate in the world. In 2020, Kuwait’s per capita GDP exceeded $30,000, and the imported car industry maintained high-speed growth for several years. Local consumers rely heavily on private cars for transportation, and the car ownership rate has reached 495 cars per thousand people, indicating strong purchasing power for automobiles.
In the future, Lynk & Co will gradually enter the markets of countries such as the United Arab Emirates, Bahrain, Saudi Arabia, Qatar, Oman, Israel, etc. Meanwhile, the “European Plan” and the “Asia-Pacific Plan” will continue to deepen and expand, setting foot in markets of countries including Russia, Malaysia, Australia, New Zealand, etc.
In 2020, Lynk & Co launched the “European Plan”, offering the Lynk & Co 01 model into the European market with a “subscription-based” business model. Up to October this year, Lynk & Co has shipped 10,702 vehicles to Europe, making exportation to Europe regular, and over 27,000 users have become Lynk & Co’s “subscription” members.
The “Asia-Pacific Plan” will jointly promote Lynk & Co’s globalization with the “European Plan”.
Information source: Lynk & Co Official
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.