Volvo Cars is investing another $118 million into its Ridgeville manufacturing plant, this time to build the fully electric Polestar 3.
The battery electric vehicle will be built on Volvo Car Group’s next generation electric architecture, a company news release said. The vehicle is the third scheduled to be built at the South Carolina plant and will be built under Volvo Cars’ affiliate, Polestar Cars.
Currently, the Ridgeville plant produces the Volvo S60 luxury sedan for U.S. and export markets.
“Our South Carolina team has done a remarkable job producing the award-winning S60 and readying the plant for the next generation of electrified Volvo cars,” said Volvo Car Group Senior Vice President Javier Varela. “Now, with the contract to produce the fully electric Polestar 3, we continue to expand our manufacturing operations for electrified vehicles.”
The investment brings the car manufacturer’s total in South Carolina to more than $1.2 billion, the news release said. In addition to manufacturing, Volvo Cars continues to operate technology and design segments at its Americas region sales operation, including employee training and development.
“We are proud to bring these new growth opportunities to Ridgeville and continue to grow our presence in the United States,” said Anders Gustafsson, senior vice president of Volvo Car Americas and president and CEO of Volvo Car USA.