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)