Locally-owned Volvo plans to launch 10 new models in China by 2020, its chairman, Li Shufu, said on the sidelines of the Beijing show.

Li, also chairman of Zhejiang Geely Holding Group, which acquired Volvo in 2010, spoke to Reuters.

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In the first quarter, Volvo sold 100,881 cars in China, up 24.2% year on year.

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