Showing posts with label investment. Show all posts
Showing posts with label investment. Show all posts

Saturday, June 19, 2021

All-new Polestar 3 SUV EV to be built in updated US Volvo facility


Volvo makes S60 cars in Ridgeville, South Carolina in the US and has since 2018 (see inauguration video after the jump). Recently, Volvo announced an additional $118 million investment in the site to produce electric vehicles both for itself and for partner Polestar. For those that don't know, Polestar is an EV maker that is jointly owned by Volvo and Geely. The first vehicle to be built for Polestar is the Polestar 3, a performance SUV, that is seen "under wraps" below. The plant will be the first site to build vehicles using a newly developed EV architecture that will underpin upcoming Volvos and probably Chinese-made Geelys as well. So good news for South Carolina car builders and all EV buyers. For more info and the video, click on "read more" below.

Source: Volvo/Polestar - Media releases (2), video - Select "read more" below.


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