The Swedish manufacturer has invested over $1.1 Billion for the new plant and it will create 4000 new jobs in the Charleston region
Since the introduction of new generation XC90 with Scalable Product Architecture (SPA), the growth of Volvo has been impressive in all the market. Then the company followed up with V90, XC60, XC40 and soon to be introduced S60 sedan. The Swedish manufacturer is getting good response from all the markets where they are present.
America is one of the most important car markets for any automakers as most of volumes for premium models come from US and especially North America. To increase market share, Volvo inaugurated its first US plant in Charleston, South Carolina. Now Volvo has become a true global company with manufacturing plant in US, Europe and Asia.
Currently, Volvo has two manufacturing plant and an engine plant in Europe along with three car factories and an engine plant in China, and assembly plants in India and Malaysia. The construction of new US plant started in 2015 and the site occupies 1600 acres. The plant also has a building space that covers 2.3 million square feet for up to 300 staff from R&D, purchasing, quality and sales.
The Swedish manufacturer has invested over $1.1 Billion for the new plant and it will create 4000 new jobs in the Charleston region. By the end of this year, more than 1500 people will be employed and once the production ramp up they will increase job opportunities. The first product to roll out of South Carolina plant is new generation S60 sedan and the plant has an annual production capacity of 1.5 lakh units.
Volvo also confirms that third generation of XC90 will arrive in 2021 and it will be manufactured in this new plant. The South Carolina plant will produce cars for both domestic and export market which is key for the expansion of company in a global scale. All manufacturing facilities of Volvo will built hybrid cars as the company want all models to be electrified by 2019.