China's Geely bets on bigger cars for growth with new plant - sources

BEIJING (Reuters) - China's Geely is building a new plant to produce a quarter of a million bigger-sized cars that it expects will power future growth and help meet its goal of selling more than 2 million vehicles by 2020, two people familiar with the matter said.Zhejiang Geely Holding Group Co , one of China's five biggest automakers and the owner of Sweden's Volvo Cars, is building the facility in the eastern port city of Ningbo where it already operates an assembly plant, as per the sources..