Volvo Cars invests $118M to produce Polestar 3 at South Carolina plant

Volvo Cars will invest an additional $118 million into its Ridgeville, South Carolina plant to produce the fully electric Polestar 3 under contract for Polestar Cars. The investment brings total Volvo investment in South Carolina to over $1.2 billion.

“Volvo Cars will invest an additional $118 million into its Ridgeville, South Carolina plant to build the Polestar 3 on the Volvo Car Group’s next generation electric architecture.”volvocars.com

• 1 source
• volvocars.comVolvo Cars Expands U.S. Electrified Vehicle Production in South Carolina with New $118 Million Investment | Volvo Cars Media USJun 16, 2021

Summarized from public sources; check the original articles before acting on it.