# Volvo CE opens battery pack factory in Changwon, Korea

Volvo CE invested SEK 80 million ($7.8 million) in a 2,500-square-meter battery pack factory in Changwon, Korea. Mass production of battery packs began on April 23, 2024, for use in the EC230 Electric excavator.

- Type: New facility
- Announced: 2024-05-21
- Where: Changwon, South Korea
- Value: $7.80M (80.0M SEK)
- Starts operating: 23 Apr 2024
- Status: completed
- Capacity: 2,500 square meters
- Products: battery packs, electric excavators
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

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

## Sources

- [oemupdate.com](https://www.oemupdate.com/automotive/volvo-ce-korea-invests-in-a-battery-factory-for-sustainable-construction/), 2024-05-21: "Volvo CE has invested SEK 80 million ($7.8 million) in the creation of this new 2,500-square-meter facility."
- [oemoffhighway.com](https://www.oemoffhighway.com/market-analysis/industry-news/construction/article/22911149/volvo-construction-equipment-volvo-ce-invests-405m-in-new-facilities), 2024-05-30: "Our new battery facility in Changwon will produce a range of battery pack solutions for the Volvo Group."

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