The new combustion engines business will combine 3,000 employees from Volvo Cars with 5,000 employees from Geely's combustion engine operations, without any job losses.
Just five months earlier, Geely-owned Volvo terminated plans to list itself blaming trade tensions and a downturn in automotive stocks.
Like the 01 and 02, the 03 saloon is based on the Compact Modular Architecture (CMA) platform co-developed with Volvo, and will be sold in both traditional combustion engine and electrified formats.
The factory uses Kuka robots to weld together the bodies of its vehicles - the same brand used by Daimler AG to build Mercedes-Benz cars.
The company is looking to launch a couple of models here in Europe to begin with, which will be the flagship 01 and the sportier and more compact 02 that's a crossover designed to rival the Mercedes-Benz GLA.
The Lynk & Co 02 will be built at Volvo's production facility in Belgium, and it's probably safe to assume it will use Volvo's compact modular platform and powertrains.
Lynk & Co could become a lot more famous outside its home market as a hatchback prototype has recently been seen undergoing winter testing.