The parent of China's Geely Automotive <0175.HK> will bid for Ford Motor-owned carmaker Volvo Car Corp with a domestic investment firm, local media reported on Wednesday.

Geely's chief executive Gui Shengyue was quoted at a news conference as saying the company would make the joint bid but did not disclose the name of any local investor, the Shanghai Securities News reported.

(Reporting by Fang Yan and Jacqueline Wong)