(AOF) – After binding agreements signed on October 6, 2023, 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 architecture ( SDV), 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.
The new range of 100% electric SDV vans will be presented later by the new company. Production is expected to begin in 2026.