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Volvo and Renault Group create a joint venture for the generation of electric vans news

Volvo and Renault Group create a joint venture for the generation of electric vans

Following the binding joint venture agreements signed on October 6, 2023, Volvo Group and Renault Group have obtained all the required regulatory approvals and have now officially launched the new company Flexis SAS for the next generation fully electric and software defined vehicles.

The new company, which will be based in France, will address the growing needs of decarbonized and efficient urban logistics.
Volvo Group and Renault Group plan to invest respectively €300 million over the next three years.

Following its non-binding agreement on October 6th, 2023, CMA CGM Group has confirmed its interest for a strategic investment up to €120 million in Flexis through Pulse, its €1.5 billion investment fund aimed at fostering the decarbonization of the logistics value chain.

The new family of fully electric vans equipped with SDV will be introduced by the new company. The production of the first van is planned to start in 2026.

www.volvogroup.com

www.renaultgroup.com

 

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