© Volvo Cars Electronics Production | June 20, 2018
Volvo expands production with first US factory - creating 4'000 jobs
The car maker is pushing its global expansion with the inauguration of its first US manufacturing plant, in Charleston, South Carolina. With this venture, Volvo is now truly a global car manufacturer with plants in all three major sales regions.
The establishment of a production facility in South Carolina follows Volvo Cars’ global manufacturing strategy, ‘Build where you sell.’ The company’s first US facility complements its two manufacturing plants and an engine plant in Europe, three car factories and an engine plant in China, and assembly plants in India and Malaysia. The Charleston plant starts production of the new Volvo S60 premium mid-size sports sedan, based on the company’s Scalable Product Architecture (SPA) platform, in the fall of 2018. From 2021, the factory will also build the next generation of the Volvo XC90 large premium SUV. Cars built at the plant are destined both for the domestic US market and international export, according to a press release. “The Charleston plant establishes the US as our third home market,” says Håkan Samuelsson, president and chief executive of Volvo Cars, in the release. “The sedan segment and the SPA platform’s proven ability to boost profitability offer significant growth opportunities for Volvo Cars in the US and globally.” Volvo Cars is investing around USD 1.1 billion in its US manufacturing operations and will create around 4'000 new jobs at the Charleston site over the coming years. By the end of this year, the company says that it will employ about 1'500 staff. “The opening of our first American factory is a very big deal,” said Anders Gustafsson, president and CEO of Volvo Car USA. “Our US business is developing well, our cars have won prestigious awards, and the new South Carolina facility will be a big asset to both Volvo Cars and the community.” The new Charleston facility includes an office building for up to 300 staff from R&D, purchasing, quality and sales. The plant can produce 150'000 cars per year at full capacity. The site occupies 1'600 acres and the building space covers 2.3 million square feet. Construction on the facility broke ground in 2015. The company will build plug-in hybrid cars at all of its car plants globally. In 2017 Volvo announced its strategy that from 2019 all new models will be electrified.
Sponsored content by Nordson ASYMTEKConformal Coating Results — When You Need Better Than Just "Good Enough" Conformal coating contributes to product quality and reliability, but it is typically viewed as a process that tolerates sufficient results, or "good enough." That view is changing as more advanced and diverse electronic products enter the consumer marketplace, from the Internet of Things to self-driving vehicles.
Sponsored content by ASMASM Impact – Release Summer 2020: SMT technology leader presents new products in compact livestream ASM’s new releases for this summer are innovative, smart, and deliver great gains in productivity. ASM will present these new solutions, the premiere of the ASM Works software suite and many more innovations around the integrated smart factory in a compact livestream with expert chats and spin-off sessions.
Sponsored content by Pegasus Components GmbHThe open market for electronic components as an opportunity in the current crisis. The past few months have also led to bottlenecks in the market for electronic components. The open market offers an attractive solution. Independent distributors like Pegasus Components react quickly and flexibly. Through procurement and stock items they offer a reliable as well sustainable alternative.
- U.S.: Cancellation of Preferential Treatment for Hong Kong to impact chip industry
- Apple to start mass producing Mac SoC, projected to cost under US$100
- Arm to strengthen focus on core semiconductor IP business growth
- ALLOS Semiconductors has sold its high power electronics and RF business
- Delphi Technologies awarded new power electronics business