$118 million. That’s how much money Volvo Cars will invest in the expansion of its electric vehicle production in Ridgeville (~1 hour away from the Holy City).
The plant will produce the Polestar 3 battery electric vehicle — Volvo Car Group’s next generation electric architecture — at the SC plant under contract for Polestar Cars , an electric performance car brand.
The plant currently produces the Volvo S60 luxury sedan for America and export markets. With the expansion, the fully electric Polestar 3 will join the S60 + the next generation of electrified Volvo cars — all from the same facility.
This expansion brings the total of Volvo Cars investment in the state to $1.2+ billion. That’s some major moola.