The company has no immediate plans to build another model at the plant, company officials said.
The Swedish brand officially opened its first US factory near Charleston, S.C., on Wednesday, where it will build the all-new 2019 S60.
When it goes on sale later this year, buyers and subscribers in the USA will choose among three powertrains in the new S60: a front-wheel-drive T5 that uses a 2.0-liter turbo-4 that makes 250 horsepower; an all-wheel-drive T6 that uses a turbocharged and supercharged 2.0-liter inline-4 that makes 316 hp; or a T8 twin-engine 2.0-liter inline-4 paired to a rear electric motor that makes a combined 400 hp.
For the S60, Volvo would also deploy two plug-in hybrid drivetrains, T6 and T8. The T6 will be all-wheel-drive, and its turbocharged and supercharged engine offers 316 horsepower.
Most excitingly, the T8 trim will have an optional performance package offered by the brand's electric performance arm Polestar.
Volvo says sign-ups for subscription versions will be available immediately, but didn't say when those cars would be available. Dealers will be able to sell the S60 sometime after October.
The signature "Thor's hammer" headlights figure prominently into the S60's nose and wrap forward into the upright beak that skips the trendy, luxury gaping maw for a more puckered kisser. With its XC SUV models matching or beating anything BMW, Audi or Mercedes can offer, and it's S and V 90 models providing stiff competition for the likes of the 5 Series, A6 and E-Class, now it's the turn of an all-new compact executive - the S60. At least, according to our eyes.
The body sides flow simply toward the rear tail, with deeper stamps and creases toward the bottom of the doors to lower the car's visual weight.
The S60 is 4,761mm long, 2,040mm wide (including mirrors) and 1,431mm high, with a wheelbase of 2,872mm.
At first glance, the S60 doesn't look all that different from the big-boy S90 sedan.
The S60 is the sedan version of the V60 that was presented by Volvo last March during the Geneva Motor Show.
If you're looking for tech, there's plenty. Optional is Volvo's Pilot Assist program that can help keep the S60 in its lane during highway driving with limited hands-off driving time, or guide the vehicle through stop-and-go city traffic on cramped interstates.
Volvo's 9-inch Sensus Connect touchscreen infotainment system is standard, and it carries both Apple CarPlay and Android Auto.
Safety systems in the new S60 will include "city safety with autobrake" technology, the "pilot assist" system (which supports the driver with steering, acceleration and braking on well-marked roads up to 130km/h), run-off road mitigation, oncoming lane mitigation and other steering assistance systems.
Volvo said the S60 will be available through its Care by Volvo subscription plan that lets owners skip a down payment and pay a flat monthly fee for up to two years with the option of trading up after one year. Care by Volvo launched with the automaker's XC40 crossover and added the V60 this year.