Volvo looks to add 1,300 jobs for fully electric SUV to be built in Ridgeville

URLhttps://charlestonbusiness.com/news/automotive/831
SourceCharleston Regional Business Journal
Date Published02/17/2023
Author NameKrys Merryman

Additional Reshoring Information:

Company/Division name Volvo
Parent companyVolvo
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1300
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) reshoredEV Automobiles
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Govt. Policy and subsidies, Proximity to customers/market, Skilled workforce availability/training, IRA and county "fee-in-lieu-of-tax agreements"
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