Volvo Cars to Shift XC60 Production to USA by 2026

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Volvo Cars to Shift XC60 Production to USA by 2026
Photo: Björn Larsson Rosvall/TT

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This since the sales of the car model in the country increased by almost 23 percent during the first half of the year. The XC60 has been Volvo's bestseller globally for several years. It is also the most popular Volvo model among American customers.

It is the XC60s intended for the American market that are to start being built in the factory in Ridgeville in South Carolina by the end of 2026, according to Volvo Cars for Dagens industri.

The fully electric model EX90 is already being assembled at the facility.

On Monday, the already economically troubled car company announced that it is making a one-time write-down of 11.4 billion kronor, among other things, with reference to import duties in the USA.

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In Wednesday's press release, CEO Håkan Samuelsson states that the move of the XC60 assembly "will further strengthen its position and attractiveness" in the USA and "support and create American industrial jobs".

"It is also in line with our ambition to build where we sell and strengthen our long-term commitment to the American market, where we are celebrating our 70th anniversary and have sold over five million cars," he continues.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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