Following the joint venture binding agreements signed on October 6th, 2023, Renault Group and Volvo Group have obtained the required regulatory approvals to officially launch the new company for the next generation of fully electric vans based on a Software Defined Vehicle (SDV) platform and its dedicated services.

Volvo and Renault to invest respectively €300 million

According to the short press released unveiled by the companies, the two partners Renault Group and Volvo Group plan to invest respectively €300 million over the course of the next three years. Moreover, CMA CGM Group has confirmed its interest for a strategic investment up to €120 million in Flexis through PULSE, its €1.5bn investment fund aimed at fostering the decarbonization of the logistics value chain.

The new family of fully electric vans equipped with SDV will be introduced by the new company. The production of the first van is planned to start in 2026.

Highlights

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