(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 a completely new generation of 100% electric vans based on a Software Defined Vehicle (SDV) architecture, and dedicated services.
The new company will respond to the growing needs for efficient and carbon-free urban logistics and will be based in France.
Renault Group and Volvo Group plan to invest 300 million euros respectively over the next three years.
CMA CGM Groupe has confirmed its interest in a strategic investment of up to 120 million euros in Flexis SAS.
Production of 100% electric SDV vans is expected to begin in 2026.