# Volvo CE invests $7.8M in battery pack production at Changwon excavator plant

Volvo Construction Equipment is investing SEK 80 million ($7.8 million) to build a battery pack production facility at its excavator plant in Changwon, South Korea.

- Type: Investment
- Announced: 2023-02-17
- Where: Changwon, South Korea, South Korea
- Value: $7.80M
- Starts operating: Jun 2024
- Status: announced
- Products: battery packs for electric excavators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Volvo Construction Equipment](https://endata.com/companies/15315.md)
- [Volvo](https://endata.com/companies/9342.md) (investor)

## Sources

- [volvogroup.com](https://www.volvogroup.com/en/news-and-media/news/2023/feb/news-4469523.html), 2023-02-17: "Volvo Construction Equipment has announced an investment into battery pack production at its excavator plant in Changwon, South Korea."
- [volvoce.com](https://www.volvoce.com/global/en/news-and-events/news-and-stories/2023/volvo-ce-invests-in-battery-pack-production-at-excavator-plant/), 2023-02-17: "Volvo Construction Equipment (Volvo CE) has announced an investment into battery pack production at its excavator plant in Changwon, South Korea."
- [equipmentworld.com](https://www.equipmentworld.com/dealers/article/15352351/volvo-ce-invests-in-battery-pack-production-at-south-korea-plant), 2023-03-15: "This investment is an important milestone in our electrification roadmap and supports our recent investments in production facilities for electric excavators."

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