Volvo Construction Equipment invests $7.8M in battery pack production at Changwon plant

Volvo Construction Equipment will invest $7.8 million (KRW 100 billion) to build a battery pack production line at its Changwon plant in South Korea, with construction starting in April 2023 and completion by June 2024.

“We are pleased to make an important leap in line with the electrification vision.”mk.co.kr

• 2 sources
• mk.co.kr볼보건설기계, 배터리팩 생산…창원공장에 100억 투자 - 매일경제성승훈 기자Feb 21, 2023
• thegnnews.com볼보그룹, 볼보건설기계 창원공장에 100억원 투자…전기 배터리팩 국내 생산 | 더경남뉴스정기홍 기자Feb 21, 2023

Summarized from public sources; check the original articles before acting on it.