22/03/2024

22 March 2024
22 March 2024, Comments Comments Off on Renault and Volvo create a joint venture (Flexi SAS) for electric vans
Renault and Volvo create a joint venture (Flexi SAS) for electric vans

Following the joint venture binding agreements signed on October 6th, 2023, Renault Group and Volvo Group have obtained the required regulatory approvals to officially launch the new company for the next generation of fully electric vans based on a Software Defined Vehicle (SDV) platform and its dedicated services.

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

Renault Group and Volvo Group plan to invest respectively €300 million over the course of the next three years.

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

The new company will address the growing needs of decarbonized and efficient urban logistics and will be based in France.