Volvo Construction Equipment has announced an investment into battery pack production at its excavator plant in Changwon in South Korea. The SEK 80 million (USD 7.8 million) investments from Volvo Group will enable the plant to begin manufacturing a wide range of battery pack solutions for the Volvo GroupVolvo Group’s new production facility and equipment will be built at the Changwon plant in South Korea, which at around 1.1 million square meters is the largest excavator production site in Volvo CE, producing around 55% of its total excavator volumes. Once complete the facility will be approximately 2,500 square meters including assembly and logistics areas. The building work will begin in April 2023, with battery pack production expected to commence in June 2024.The new facility at the Changwon plant will produce a wide range of common electric storage solutions, battery packs, for Volvo Group and become a core competence center for electric excavators. This will enable Volvo Group to offer more sustainable solutions to its APAC markets in a more flexible, cost-effective and agile way and will include supply chain, manufacturing and logistics.The Changwon plant in South Korea specializes in the production of excavators and is the biggest excavator production site in Volvo CE. This is another important step forward towards the company’s Science Based Targets initiative and its ambitions to be fossil free, with 35% of machine sales to be electric by 2030Volvo CE has already successfully introduced compact electric excavators to the global market with the ECR25 Electric, ECR18 Electric, EC18 Electric and the mid-size EC230 Electric excavators. Together with its compact electric wheel loaders, Volvo CE has one of the largest electric ranges on the market.
Volvo Construction Equipment has announced an investment into battery pack production at its excavator plant in Changwon in South Korea. The SEK 80 million (USD 7.8 million) investments from Volvo Group will enable the plant to begin manufacturing a wide range of battery pack solutions for the Volvo GroupVolvo Group’s new production facility and equipment will be built at the Changwon plant in South Korea, which at around 1.1 million square meters is the largest excavator production site in Volvo CE, producing around 55% of its total excavator volumes. Once complete the facility will be approximately 2,500 square meters including assembly and logistics areas. The building work will begin in April 2023, with battery pack production expected to commence in June 2024.The new facility at the Changwon plant will produce a wide range of common electric storage solutions, battery packs, for Volvo Group and become a core competence center for electric excavators. This will enable Volvo Group to offer more sustainable solutions to its APAC markets in a more flexible, cost-effective and agile way and will include supply chain, manufacturing and logistics.The Changwon plant in South Korea specializes in the production of excavators and is the biggest excavator production site in Volvo CE. This is another important step forward towards the company’s Science Based Targets initiative and its ambitions to be fossil free, with 35% of machine sales to be electric by 2030Volvo CE has already successfully introduced compact electric excavators to the global market with the ECR25 Electric, ECR18 Electric, EC18 Electric and the mid-size EC230 Electric excavators. Together with its compact electric wheel loaders, Volvo CE has one of the largest electric ranges on the market.
