CV Show 2024
23 - 25 APRIL 2024 • NEC • BIRMINGHAM • UK
27 March 2024
CV Show

Renault and Volvo groups promise new range of electric vans by 2026

Renault Group and Volvo Group are planning to launch a new family of electric vans by 2026 after news of the new venture broke recently.

EVs

Under the name of ‘Flexis SAS’, the newly-established joint venture will introduce a new family of fully electric vehicles based on a software-defined vehicle (SDV) platform and providing dedicated services. The two firms plan to invest respectively £257m over the course of the next three years.

French logistics company CMA CGM Group has also confirmed its interest for a strategic investment up to £109m in Flexis through Pulse, its £1.3bn investment fund aimed at fostering the decarbonisation of the logistics value chain.

The launch of the venture follows the binding agreements signed in October 2023. Renault and Volvo have now obtained the required regulatory approvals to officially launch the new company, which will be based in France and will address the growing needs of decarbonised and efficient urban logistics.

Luca de Meo, CEO of Renault Group, said:

The new company is the start-up minded, unmatched combination of the complementary assets of three champions – a leading truck maker, expert in tailored services, a champion of the global supply chains and a European EV pioneer and LCV leader. All the ingredients are there to come up with something truly unique.

Renault Group will bring the knowhow to develop and manufacture at scale the electric platform, while Volvo Group will draw on its strong customer base of professional logistic companies, global service network and wide experience in uptime and productivity services. The two companies have been working together on light commercial vehicles for more than 35 years through Volvo Group’s Renault Trucks subsidiary and both firms’ networks already distribute the Renault Master and Trafic commercial vehicles.

End

CV Show 2024

The Commercial Vehicle Show 2024, the UK's premier road freight and logistics event since 2000, will feature an on-site conference, the latest in vehicle technology, and offers 300+ exhibitors a prime platform to connect with industry professionals.
Sign up
Advertisements
RHA