Volvo Expands Ridgeville Plant, Adds Hybrid by 2030

Volvo Cars said it will add a next‑generation hybrid model to its Ridgeville, South Carolina plant, bringing a fourth vehicle to the facility and targeting production of the hybrid by 2030. The Charleston‑area factory, which already builds the fully electric EX90 and the Polestar 3 and has about 150,000 annual capacity, will also begin building the XC60 midsize SUV starting in late 2026. The roughly $1.3 billion investment aims to localize production, better tailor products to U.S. buyers and blunt the impact of recent U.S. tariffs. Volvo said strong U.S. demand — more than 27,000 XC60s sold in the first eight months of 2025 — supports a plan to grow U.S. sales roughly 60% from about 125,000 last year. Owned by China’s Geely, Volvo said it is balancing restructuring and a shift toward electrified vehicles by keeping hybrids alongside EVs, with a revised target of 90–100% electrified sales by 2030.