Volvo announced Monday it will spend $520 million to expand its auto assembly plant capacity near Ridgeville, South Carolina, in order to produce the company's popular XC90 SUV beginning in 2021. Volvo estimates the plant's capacity will rise to 150,000 vehicles annually.
The second manufacturing line brings Volvo's total investment to more than $1 billion at its only North American manufacturing site, which is still under construction. The automaker said Monday it will hire an additional 1,910 workers to go with the 2,000 jobs that were announced in 2015 when Volvo first announced plans to build at the Camp Hall Industrial Campus off Interstate 26.
An 88,000 square foot office facility will also be built to house up to 300 staff from R&D, purchasing, quality as well as Volvo’s Southern regional sales team.
Volvo recently announced that beginning in 2019, every Volvo car launched will have an electric motor.
“The continued expansion of our plant in South Carolina is another significant commitment to the US market,” said Håkan Samuelsson, president and chief executive. “The plant in Charleston will serve both the US and international markets and forms a strong foundation for our future growth in the U.S. and globally.”