Volvo Cars plans further investment in US manufacturing plant

Group 1 - Geely-owned Volvo Cars is continuing its investment in the Ridgeville manufacturing facility in South Carolina to maximize output in the coming years [1][2] - The company plans to introduce a new hybrid model for the US market at the Ridgeville plant before 2030, having already invested $1.3 billion over the past decade [2][3] - The Ridgeville plant currently has an installed capacity of 150,000 vehicles annually, producing the all-electric EX90 SUV and the Polestar 3, with plans to add the XC60 mid-size SUV to production by late 2026 [3][4] Group 2 - The XC60 has seen strong market uptake in the US, with sales exceeding 27,000 units in the first eight months of this year, a nearly 20% increase from the same period in 2024 [4][5] - Volvo Cars has experienced a downturn in global car sales for August 2025, with a 9% year-over-year decrease, selling 48,029 vehicles [5][6] - There has been a notable 28% drop in demand for fully electric vehicles, which now account for 20% of total sales volume [6]