# Volvo CE invests SEK 65M in electric wheel loader production at Arvika plant

Volvo Construction Equipment has announced a SEK 65 million ($6.3 million) investment from Volvo Group to expand its Arvika, Sweden factory for phased production of electric wheel loaders. The investment includes a new building and supports Volvo CE's goal of 35% electric machine sales by 2030.

- Type: Investment
- Announced: 2023-01-23
- Where: Arvika, Sweden
- Value: $6.30M (65.0M SEK)
- Status: announced
- Products: electric wheel loaders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Volvo Construction Equipment](https://endata.com/companies/15315.md)

## Sources

- [volvoce.com](https://www.volvoce.com/global/en/news-and-events/news-and-stories/2023/volvo-ce-leads-industry-change-with-milestone-investment-into-electric-wheel-loaders/), 2023-01-23: "Volvo Construction Equipment (Volvo CE) has announced an investment into the production of electric wheel loaders from its plant in Arvika, Sweden."
- [volvoce.com](https://www.volvoce.com/global/en/news-and-events/news-and-stories/2023/volvo-ce-increases-sales-and-continues-industry-transformation-in-q4-2022/), 2023-01-26: "Volvo CE also announced a largescale investment into its facility in Braås, Sweden."
- [industryhq.com](https://industryhq.com/constructionhq/articles/constructionhq-volvo-construction-equipment-to-invest-in-electric-wheel-loaders-2329), 2023-03-01: "This is a clear signal of our commitment to building the world we"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.