Volvo has begun construction on their new plant in Berkeley County, South Carolina.

Set to cost $500 million, the plant will build the next-generation S60 sedan as well as another model that has "yet to be determined."  The plant will have the capacity to produce up to 100,000 cars annually and they will be sold in the United States as well as oversea markets.

Volvo went on to say the next-generation S60 is currently under development and it will ride on the company's Scalable Product Architecture (SPA).

In a statement, Volvo's Senior Vice President of the Americas Lex Kerssemakers said “Volvo Cars’ new South Carolina plant is a reflection of our firm commitment to the US market."  He added, "The United States is a cornerstone in Volvo Cars’ global expansion plan and together with a whole range of new cars in the coming years, this new plant will play a vital role in growing our presence in the United States.”

Gallery: Volvo begins construction on their first U.S. plant, will build the next-generation S60

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