(CercleFinance.com) – Renault Group announces the arrival of CMA CGM Group within Flexis SAS, its joint venture founded last month with Volvo Group, and dedicated to the development of the next generation of electric vans, to be produced in the Sandouville factory.
CMA CGM, through its PULSE energy fund, is taking a 10% stake in Flexis SAS and will invest up to 120 million euros by 2026, while Volvo and Renault plan to invest 300 million respectively over the course of of the next three years.
Philippe Divry is appointed CEO and Krishnan Sundararajan COO of this new company which ‘combines the industrial expertise of world-class automobile manufacturers and the know-how of the number one company in automobile logistics’, according to Renault.
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