# 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.

- Type: Expansion
- Announced: 2023-02-21
- Where: Changwon, South Korea, South Korea
- Value: $7.80M
- Starts operating: Jun 2024
- Status: announced
- Products: electric battery packs
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [mk.co.kr](https://www.mk.co.kr/news/business/10653615), 2023-02-21: "We are pleased to make an important leap in line with the electrification vision."
- [thegnnews.com](https://thegnnews.com/View.aspx?No=2731661), 2023-02-21: "Following the completion of the electric excavator mass production line, we have made another important leap in line with Volvo Construction Equipment's electrification vision."

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