# 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.

- Type: Investment
- Announced: 2021-06-16
- Where: Ridgeville, South Carolina, United States
- Value: $118.0M
- Status: announced
- Products: Polestar 3 battery electric vehicle
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Volvo Cars](https://endata.com/companies/21173.md)
- [Polestar Cars](https://endata.com/companies/55879.md) (partner)

## Sources

- [volvocars.com](https://www.volvocars.com/us/media/press-releases/4A1AE68F3866D164/), 2021-06-16: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.