Volvo: creation of Flexis joint venture with Renault

(CercleFinance.com) -Renault Group and Volvo Group announce the creation of Flexis SAS, a joint venture for the creation of electric vans.


Renault Group and Volvo Group have obtained the necessary regulatory approvals to officially launch a new company to develop an entirely new generation of 100% electric vans based on a Software Defined Vehicle (SDV) architecture, and dedicated services.

The new company will meet the growing needs of efficient, low-carbon urban logistics, and will be based in France.

Renault Group and Volvo Group plan to invest E300m each over the next three years.

CMA CGM Groupe has confirmed its interest in a strategic investment of up to E120m in Flexis SAS.

Production of 100% electric SDV vans is due to start in 2026.


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