# Volvo CE invests SEK 425M in electric vehicle production at two Swedish plants

Volvo Construction Equipment is investing SEK 65 million (€5.8M) in its Arvika plant for electric wheel loader production and SEK 360 million (€32M) in its Braås plant for articulated hauler production, including electric vehicles. Construction at Arvika starts in 2023; Braås investment runs through 2027.

- Type: Investment
- Announced: 2023-04-27
- Where: Arvika and Braås, Sweden
- Value: $41.0M (425.0M SEK)
- Status: announced
- Products: electric wheel loaders, electric articulated haulers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [energystorages.tech](https://www.energystorages.tech/volvo-ce-invests-into-electric-vehicle-production-capacities.html), 2023-04-27: "Volvo CE wants to reach an electric vehicle share of 35 per cent of its sold machines in 2030."

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