Published by Global Banking & Finance Review®
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
Add as preferred source on Google
Volvo Group delays its Swedish battery plant production to start a few years later than the 2029-2030 target due to construction delays.
By Lisa Baertlein
Volvo Group expects high-volume production of a planned battery plant in Sweden to begin a couple of years later than the original target of 2029-2030, CEO Martin Lundstedt said at a Reuters NEXT Newsmaker event at CES in Las Vegas on Wednesday.
Volvo had said in September it would delay construction of the plant by one or two years and said at the time it was uncertain if this would affect the start of manufacturing.
(writing by Peter Henderson in Oakland, California; Editing by Rod Nickel)
The main topic is the delay in production at Volvo Group's planned battery plant in Sweden.
Volvo is delaying the battery plant due to postponed construction, affecting the original production timeline.
The original target for high-volume production was 2029-2030.
Explore more articles in the Finance category
