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Geely, China's highest profile car maker with investments in Volvo and Daimler, launched a premium all-electric car brand "Geometry" on Thursday as it pushes ahead with its plans to boost production of new energy vehicles.
Geometry will take overseas orders but will mainly focus on the Chinese market and will launch more than 10 pure electric models in multiple segments by 2025, Geely said in a statement on Thursday.
The company added it had already received more than 26,000 orders globally for its first model, the Geometry A. The longer-range version of the model has an ability to travel up to 500 kilometers (310.69 miles) on a single charge, Geely said.
The launch of Geometry and its first product advances Geely's strategic goal of becoming one of world top 10 automotive groups.
Geely set up a new joint venture with Germany's Daimler just last month to build the next generation of Smart electric cars in China. Smart is Daimler's small-car brand.
Geely is also developing new energy commercial vehicles like pickup trucks at another unit, Yuan Cheng Auto.
The Chinese carmaker bought Volvo Cars in 2010 from Ford Motor Co in what was China's biggest acquisition of a foreign car maker at the time.
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