Lynk & Co Shows Latest Car

Chinese car company Lynk & Co has taken the covers off its latest concept vehicle called, the 03. The tech-laden vehicle is the first concept sedan to attract customers in a new way with short term contracts rather than long term ownership. The car is expected to ride atop a similar chassis as the 01 crossover SUV, which means it likely employs a version of the Compact Modular Architecture shared with sister brand Volvo, according to CNET. Lynk has developed an app with Ericsson that uses digital keys, and personalized settings including seating positions and stereo memory presets are expected to be part of a user’s profile so that they can be transferred seamlessly from vehicle to vehicle. Other car companies have also taken up this method as younger buyers look to use cars less than their older peers.  Tesla has been developing new payment structure to get around legacy car dealerships, but has been taken to court on several occasions by strict sales laws in several US states.