Volvo to Produce First Polestar Electric SUV in the U.S.

SourceThomas Insights
Date Published07/07/2021
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Volvo Cars
Parent companyGeely
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):118
Country(ies) from which reshored:Sweden
City reshored to:Ridgeville
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric sport-utility vehicle, Polestar 3 SUV
What domestic positive factors made reshoring more attractive?Under-utilized capacity
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