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Finance

Volvo Group sees delay in battery plant production from planned Swedish facility

Published by Global Banking & Finance Review

Posted on January 24, 2025

1 min read

· Last updated: January 27, 2026

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Volvo Group Postpones Swedish Battery Plant Production Timeline

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)

Key Takeaways

Volvo Group delays battery plant production in Sweden.
Original target was high-volume production by 2029-2030.
Construction postponed by one or two years.
Uncertainty remains on manufacturing start date.
Announcement made at Reuters NEXT event.

Frequently Asked Questions

What is the main topic?

The main topic is the delay in production at Volvo Group's planned battery plant in Sweden.

Why is Volvo delaying the battery plant?

Volvo is delaying the battery plant due to postponed construction, affecting the original production timeline.

When was the original production target?

The original target for high-volume production was 2029-2030.

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