Volvo CE Invests in Electric Wheel Loader Production
BY AsphaltPro Staff
Volvo Construction Equipment (Volvo CE), announced in January its investment into the production of electric wheel loaders from its plant in Arvika, Sweden, which specializes in the production of medium and large wheel loaders. The SEK 65 million (around $6.3 million) investment from Volvo Group will allow the Arvika site to expand its facilities with a new building and allow for the phased introduction of new electric wheel loaders.
It is not only a milestone in the plant’s almost 140-year history, but a significant moment for Volvo CE and its determination to be completely fossil-free by 2040, which is in line with the aims of the Paris Agreement. It is also a pioneering step forward in the company’s ambition for 35% of its machines sold to be electric by 2030. Volvo CE has already introduced compact electric wheel loaders to the global market with the L20 Electric and L25 Electric wheel loaders.
Thanks to the investment, Arvika will erect a new building, approximately 1,500 sq m, which will allow the facility to free up areas inside its assembly factory to be able to build electric wheel loaders. While it has not yet been announced which models will begin their electric transformation and exactly when, production of both electric wheel loaders and more traditional wheel loaders fitted with combustion engines will continue for now on the same production line.