The move would clear one more hurdle that faced the Chinese company’s attempt to spread into the international auto market as Geely is looking to move its brand from economical cars to more upscale products. Geely is looking to buy the Volvo brand outright from the U.S. automaker.

Reports from the Xinhua news agency reported that Geely is seeking to acquire Volvo’s key technologies and would also be able to make use of some Ford technologies