The chief executive of $90 billion trucks and buses maker Volvo Group says he can still compete with Chinese rivals with well-targeted investment, while acknowledging that global trade uncertainty had caused some customers to delay decisions.

Martin Lundstedt, in Australia to oversee the delivery of 10 electric trucks to logistics and transport giant Linfox, owned by the Rich Lister family headed by Lindsay Fox, said electric trucks were still well behind electric cars in widespread adoption.