Chinese automaker to launch new car with Volvo

According to Autocar, the car brand will be the result of a partnership with Volvo.

ALSO READ: Geely appoints King Wasiu Ayinde Marshal as official ambassador

This new brand will focus on affordable models for the European market.

In an official statement, the Chinese car maker said: "Geely has plans to unveil a new product range over the course of 2016, more information will be released in due course."

Expect more details soon.