# Volvo CE invests SEK 65M to produce electric wheel loaders in Arvika, Sweden

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

- Type: Expansion
- Announced: 2023-02-01
- Where: Arvika, Sweden, 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

- [rermag.com](https://www.rermag.com/news-analysis/international-news/article/21259267/volvo-construction-equipment-volvo-to-build-electric-wheel-loaders-at-its-arvika-sweden-factory), 2023-02-01: "This is a clear signal of our commitment to build..."

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