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Volvo Will Build Its First American Plant In South Carolina

Illustration for article titled Volvo Will Build Its First American Plant In South Carolina

Volvo’s $500 million investment landed in Berkeley County close to Charleston. The new factory is set to produce around 100,000 cars annually, employing up to 4,000 people in the long term.

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Those eager to buy American-made Volvos ever since the Canadian operations got shut down only have to wait until 2018. Volvo’s new South Carolina plant will produce both for the North American market and for export, while US sales are expected to reach “at least 100,000 units in the medium term.”

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The Swedish brand already has two plants in Europe and another two in China, and they plan to make South Carolina a better place by building their first one in America:

The decision to choose Berkeley County was taken as a result of its easy access to international ports and infrastructure, a well-trained labour force, attractive investment environment and experience in the high tech manufacturing sector.

Volvo Cars estimates that the plant will employ up to 4,000 people in the longer term. It has been estimated that the multiplier effect of a car plant means that it can create between 5 and 7 new jobs for every job at a plant. On top of that, factories have beneficial effects on many more aspects of the local economy, from taxation income to consumer spending.

Construction will begin in early autumn 2015, with the first vehicles expected to roll off the assembly line in 2018. Just in time for the new S60/V60!

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Just so you know, $500,000,000 equals to about 3,103,586,006 Chinese Yuan at the moment.

Illustration for article titled Volvo Will Build Its First American Plant In South Carolina
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Photo credit: Getty Images and AP

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Contact the author at mate@jalopnik.com.

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DISCUSSION

jacknifetoaswan
jacknifetoaswan

In before ‘people from the south are stoopid’ jokes.

This is a very smart investment for Volvo, especially to place their plant in the heart of the low country. The port of Charleston is huge, and should be dredged and the channel widened for the new, larger Panamax ships, and there is a large, low cost workforce here, ready to start manufacturing again. The Boeing plant has done great things for the area, and they’re growing nonstop. I’m not in Berkeley County, but anything that can be done to bring in new jobs is welcome!