Today Volvo is going to unveil the all-new Volvo S60, which will be built at its first US plant in Charleston, South Carolina. Volvo says that the establishment of its new US plant is part of its strategy, “Build where you sell.”
Volvo also has two manufacturing plants and an engine plant in Europe, three car factories and an engine plant in China, and assembly plants in India and Malaysia. The Charleston plant will begin production of the 2019 Volvo S60 this fall. Starting in 2021, the factory will also build the next generation Volvo XC90.
“The Charleston plant establishes the US as our third home market,” said Håkan Samuelsson, president and chief executive of Volvo Cars. “The sedan segment and the SPA platform’s proven ability to boost profitability offer significant growth opportunities for Volvo Cars in the US and globally.”
To bring the new Charleston plant online, Volvo is investing around $1.1 billion. The plant will create around 4,000 new jobs over the coming years and about 1,500 staff will be employed by the end of this year.
“The opening of our first American factory is a very big deal,” said Anders Gustafsson, president and CEO of Volvo Car USA. “Our US business is developing well, our cars have won prestigious awards, and the new South Carolina facility will be a big asset to both Volvo Cars and the community.”