Volvo Cars has chosen South Carolina as its new home in North America. The company will build a $500 million factory for U.S. and Canadian operations with an annual production of about 100,000 vehicles. The plant will be located in Berkeley County near Charleston, SC.
Volvo plans to build the next-generation of their models for sale in the U.S. in 2018 and have the plant up to speed enough to export soon after that. This will mark Volvo factories on three continents as the company expands into becoming a fully global automaker. Volvo currently has two operational plants in Europe and two more in China.
Volvo plans to double global sales and the U.S. plant will be key to that medium-term goal. The company plans that much of that sales expansion will be here.