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Volvo Cars plans further investment in US manufacturing plant
Yahoo Finance·2025-09-24 17:52

Geely-owned Volvo Cars is to continue its investment in the Ridgeville car manufacturing facility near Charleston, South Carolina, in the US, to maximise the plant's output in the upcoming years. Global automakers with manufacturing facilities in the US are generally looking to invest heavily and max out on plant capacity utilisation in order to avoid import tariffs on shipments from overseas. Looking ahead, China’s Geely-backed carmaker has plans to introduce a new hybrid model tailored for the US marke ...