Volvo to invest $83 million to make e-motors in Sweden

Volvo Cars said on Wednesday it plans to start assembling electric motors at its powertrain plant in Skovde, Sweden.

The automaker will begin making the component at the plant within the next few years. It will start complete production of the e-motor by the mid-2020s, a Volvo spokeswoman said. Full production will entail manufacturing the rotating parts of the e-motor and the housing for the electric drivetrain.