"Volvo is undergoing something of a restructuring. The automaker wants to be fully electric by 2040, but for that to happen, it needs to remain in business until then. Earlier this year, that meant layoffs, but today, Volvo announced it has big plans for its North American factory in Ridgeville, South Carolina. Volvo has been making cars in South Carolina since 2017,"
"S60 production ended last summer, and these days, the plant builds the large electric EX90 SUV and the related Polestar 3. The company is far from fully utilizing the Ridgeville plant, though, which has an annual capacity of 150,000 vehicles. When the turnaround plan was first announced this July, Volvo revealed it would start building the next midsize XC60 in South Carolina-a wise move given the Trump tariffs and the importance of this model to Volvo's sales figures here."
"Now, the OEM says that it will add another model to the mix, with a new, as-yet unnamed hybrid due before 2030. "Our investment plans once again reinforce our long-term commitment to the US market and our manufacturing operations in South Carolina," said Håkan Samuelsson, chief executive. "This year, we celebrate 70 years of Volvo Cars presence in the United States. We have sold over 5 million cars there and plan to sell many more in years to come," he said."
Volvo is restructuring to secure its future while pursuing full electrification by 2040. Layoffs occurred earlier in the year as part of the turnaround. The Ridgeville, South Carolina plant has produced cars since 2017, initially the S60, and now builds the EX90 electric SUV and the Polestar 3. The plant has a 150,000-vehicle annual capacity and is underutilized. Volvo plans to build the next midsize XC60 in Ridgeville and will add an unnamed hybrid before 2030. The company characterizes the investments as a long-term commitment to the US market and South Carolina operations.
Read at Ars Technica
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