Volvo Cars, the Swedish luxury carmaker owned by Zhejiang Geely, said it expects China to surpass the U.S. as its largest market this year, according to Bloomberg.

Volvo Cars will probably outpace the estimated 20 percent growth in China’s luxury car sales this year and deliver at least 80,000 vehicles in the country, according to a statement by the carmaker.

First-quarter sales increased 9.5 percent from a year earlier to 108,170 vehicles, pushed by a 25 percent jump in China. March deliveries gained 18 percent in a ninth consecutive month of growth.