Renault is set to take full control of electric van maker Flexis, ending a joint venture with Volvo Group and CMA CGM.
Together with Volvo, the French manufacturer owns 90% stake in the company, with logistics group CMA CGM owning the remaining 10%. Flexis, which was created in 2024, revealed its range of electric vans at the start of last year, with first models expected to go on sale this year. The initial line-up was composed of three models: the Step-in van, the Cargo van and the Panel van.
The three shareholders have now reached an agreement allowing Renault to take 100% ownership. At the end of last year, Flexis said it was maintaining its development schedule, covering vehicle engineering, service roll-out, field trials, partnerships and customer collaboration.
Flexis, led by Philippe Divry, has hired 150 staff and was intended to become a stand-alone manufacturer offering integrated services. The venture also worked closely with Ampere, Renault’s electric vehicle unit created by former CEO Luca de Meo, which has since been reintegrated into Renault’s engineering operations.
