Connect with us

Hi, what are you looking for?

Financial Source ReportFinancial Source Report

Tech News

Lynk & Co’s first EV is meant to be shared to lower its price

The 02 is Lynk & Co’s first all-electric car. | Image: Lynk & Co

Lynk & Co just launched the 02, the company’s first fully-electric vehicle that’s designed from the ground up to be shared with family, friends, or anyone willing to pay for the privilege. The EV is interesting, but not nearly as interesting as Lynk & Co’s unique approach to car ownership.

Once you buy, lease, or subscribe to a 02 you can become a “lender,” in Lynk & Co parlance, to set the price and conditions for sharing. In Amsterdam, a quick browse through the Lynk & Co app shows several of its 01 plug-in hybrids available to borrow for €7 to €12 per hour (or €47 to €123 per day), usually with a “no pets, no smoking” requirement. Borrowers are automatically billed for fuel consumed when the car is returned.

S…

Continue reading…

You May Also Like

Editor's Pick

Colin Grabow Last week, the Philly Shipyard announced the ceremonial start of construction on three Aloha class containerships. While typically a celebratory occasion, the...

Editor's Pick

I was asked recently about volume, specifically why I don’t feature volume often on my daily market recap show, CHART THIS with David Keller,...

Tech News

Image: Cath Virginia / The Verge, Turbosquid Tesla is about to reveal its self-driving robotaxi, a purpose-built autonomous vehicle that’s supposed to reposition the...

Tech News

Photo by Amelia Holowaty Krales / The Verge The Internet Archive will come back within “days” following a cyberattack that brought down the organization’s...

Copyright © 2023 FinancialSourceReport.com All Rights Reserved.