Geely grows a little bit larger this year as they expand with a new, dedicated EV brand: Geometry. And to kick the brand off is a smaller electric sedan priced around $31,000.

Geometry will start off in China later this year, with the option of expanding worldwide in the future. The first model will be the Geometry A, a "Tesla Model 3 rival" that offers similar specs and features. Coming in Standard and Long range battery options, the standard model will come with a 51.9-kilowatt-hour battery capable of around 250 miles. The long range option will use a 51.9-kWh battery, which would yield around 300 miles. With high-speed charging, it takes about 30 minutes to regain 80 percent charge.

Regardless of range, the Geometry A will have 161 horsepower and 184 pound-feet of torque coming from the single electric motor, capable of a 0 to 60 time of 9 seconds.

The car is built on the Compact Modular Architecture platform built in coordination with Geely and Volvo. The two automakers have been applying the new underpinning to a number of their upcoming electric vehicles, such as the XC40 and the Polestar 2.

This is only the first of many models the Geometry brand is preparing for. The company hopes to produce 10 models for their lineup by 2025. Odds are, many of them will have reached worldwide markets by this time.