Volvo to Build First U.S. Factory in South CarolinaMONCKS CORNER, S.C., May 11 (UPI) —Volvo Cars said it plans to spend up to $500 million to build its first U.S. factory in Berekely County, S.C.
The facility, to be located outside of Charleston, S.C., is expected to have the capacity to produce up to 100,000 vehicles per year. It will produce Volvos for both sales in the United States and for export.
The company said it plans to begin construction on the facility in early autumn 2015 and the first vehicles are expected to roll of the assembly line in 2018.
“We’re excited to build our first American factory in South Carolina and we look forward to helping grow the local community and economy.” said Lex Kerssemakers, president and CEO of Volvo Cars of North America, “We were impressed with the friendliness, work ethic and passion of the people in the Charleston area.”