Company/Division name | Volvo Cars |
Parent company | Geely |
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) reshored | electric sport-utility vehicle, Polestar 3 SUV |
What domestic positive factors made reshoring more attractive? | Under-utilized capacity |