China is on track to best the United States to become Volvo Car Group's biggest market in 2014, according to Reuters.

Sales are expected to reach at least 80,000 cars in the largest auto market in the world.

Volvo said its car sales target by the end of 2014 is approximately a third higher than the 61,146 cars it sold back in 2013, the automaker said in a statement.

Sales in the U.S. by the end of this year may increase only "in line with the broader market," according to Reuters.

Volvo sold 17,286 cars in China in the first quarter of this year, an increase of 25.4 percent from the same time last year.

The automaker thinks that the Chinese market will help increase its global sales during the next couple of years.

Volvo competes for global sales with companies like General Motors, and SAIC Motor.

Volvo was purchased by China's Zhejiang Geely Holding Group Co GEELY.UL from Ford Motor Co. in 2010, according to Reuters.

The company wants its annual sales to reach 800,000 cars by 2020, which would be almost double the level in 2013.

Volvo's best-selling vehicle in China is its XC60.

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