Volvo CE investing $6.3M in Arvika factory for production of electric wheel loaders 27 January 2023 Volvo Construction Equipment (Volvo CE) will invest SEK 65 million ($6.3 million) into the production of electric wheel loaders from its plant in Arvika, Sweden. The Arvika factory specializes in the production of medium and large wheel loaders and has already been successful in driving down its carbon emissions.

A milestone in the company’s ambition to be entirely fossil free by 2040, the move will also go a long way to fulfilling Volvo CE’s aim for 35% of machines sold to be electric by 2030.

The investment from Volvo Group will allow the Arvika factory in Sweden to expand its facilities with a new building and allow for the phased introduction of new electric wheel loaders.

News of the investment came soon after an announcement to invest in electric haulers from the company’s production facility in Braås, Sweden. These announcements are part of an investment strategy that allows Volvo CE to advance electric solutions across its production facilities, including also the Konz facility in Germany, Belley in France and Changwon in South Korea, where other electric machines are made.

Volvo CE has already successfully introduced compact electric wheel loaders to the global market with the L20 Electric and L25 Electric wheel loaders proving to be efficient, zero-exhaust emission solutions capable of driving down carbon emissions while maintaining high productivity across a variety of customer applications. Together with the ECR25 Electric, ECR18 Electric and EC18 Electric compact excavators and the mid-size EC230 Electric excavator, Volvo CE has one of the largest electric ranges on the market.