09/04/2024

9 April 2024
9 April 2024, Comments Comments Off on Flexis SAS teases image of its electric vans as CMA CGM Group confirms investment of up to €120m
Flexis SAS teases image of its electric vans as CMA CGM Group confirms investment of up to €120m

Flexis SAS, the joint venture founded on March 22, 2024 by Renault Group and Volvo Group, is being joined by CMA CGM, through PULSE, its energy fund, which has acquired a 10% stake and confirmed its interest for a strategic investment up to €120 million by 2026. Volvo Group and Renault Group, holding each a 45% stake in Flexis SAS, plan to invest €300 million over the next three years.

This coalition between the Volvo Group, Renault Group and CMA CGM Group intends to deliver the next generation of electric vans and address the expectations emerging as professional customers face increasing pressure from climate change and CO2 regulations, while e-commerce and logistics are booming. It says the European market for electrified vans is expected to grow by an average of 40% per year until 2030.

Flexis SAS says it intends to lead the decarbonization of transport and logistics sectors. As a coalition of three leading companies with an agile start-up approach, Flexis SAS combines the industrial expertise of world class automotive manufacturers and the know-how of the number one company for automotive logistics.

The three companies are renowned for their leadership in:

• Electric vehicles and software, as well as LCV manufacturing for Renault Group
• Transport solutions with expertise in tailored services, uptime, and productivity for Volvo Group.
• Logistics, notably for the automotive industry, and as a pioneer in the decarbonization of supply chain for CMA CGM

The vehicles will be built on a new fully-electric LCV skateboard platform that Flexis SAS says will offer high modularity for different body types at a competitive cost, and breakthrough on safety requirements.

By adopting the new connected electronic platform, the vehicle will onboard unprecedented capabilities to monitor users’ delivery activity and business performance, reducing up to 30% the global cost of usage for logistic players.

The van itself will offer a strong capacity for urban mobility, and be highly versatile for tailor made solutions with different battery capacities, as well as the first 800V architecture on the market for vehicles in this category.

The vehicles will be produced in Renault Group’s Sandouville plant, expert in the LCV manufacturing, which will recruit 550 people over the next four years.