BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Volvo Car Group said it will continue to invest in its US car plant in Ridgeville outside Charleston, South Carolina. Before 2030, Volvo Cars plans to add a new hybrid model to the production line of the Ridgeville plant. This new model is designed to meet the specific demands of the US market.
Volvo Cars has already invested $1.3 billion in the plant in the last decade. The Ridgeville plant currently has an installed production capacity of 150,000 cars per year.
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