It was not yet clear if this would also delay the start of production, a spokesperson said in an emailed comment to Reuters late on Thursday.
"We are looking over what would be an optimal time schedule for the construction of the factory. What we know now is that the building start will be 12-24 months later than previous plan (2025)," the spokesperson said.
"We don't know if this will bring any change to the production start/serial production, but the aim is to time the ramp-up of production with the demand of battery-electric applications and not build up a much larger operation than the market," he said.
Volvo is currently handling the process independently but is in discussions with potential partners, he added.
Last month, Volvo said it had chosen Monterrey as the location for its new $700 million North American truck plant, set to start operations in 2026.
The company has said the plant is key to support its North American growth strategy by providing the industrial capacity needed to meet increasing demand.
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