One of the leading global electric truck manufacturers, Volvo, has recently reported a shift in its timeline on the battery plant construction in Mariestad, Sweden. The launch has also been moved to 2027 in the latest model from 2025 in the previous model while construction has been expected to commence after 12 to 24 months from the original timetable.
It could also impact the start of production in the facility, though at this stage, this is still clouded, as revealed by an emailed Reuters query to the spokesperson. “As for now, we are thinking over the proper schedule for the construction of the factory,” the spokesperson explained. “As to whether this will affect the beginning of production, it still remains to be seen, however, we do not want to ramp up production to exceed the demand for battery-electric vehicles.”
Although Volvo is handling the planning process on its own, they are open to finding potential partners to help the project. The decision to delay the construction is therefore a proactive measure to always ensure that the scale of production is optimal and in harmony with the overall demand.
Volvo’s move making this change in construction timeline is in line with the firm’s development goals and environment enthusiasm to widen its range of battery powered vehicles and at the same time maintain a sustainable growth strategy pertaining to current market conditions.
(Note: It is an unfortunate mistake that initially it stated that the plant is located in Mexico while in fact the facility is planned to be established in Sweden.