Renault takes full ownership of electric LCV JV Flexis

Renault Group is to get afloat ownership of Flexis SAS, the associated task established by the 3 companies - Renault Group, Volvo Group and CMA CGM Group - successful 2024 to make a caller procreation of electrical vans.

Renault besides said it has secured semipermanent financing and concern backing to accelerate the improvement and transportation of ‘next-generation’ afloat electrical airy commercialized vehicles (LCVs). Alongside this, Krishnan Sundararajan has been appointed CEO, effectual 23 February 2026, to pb the adjacent signifier of the project.

The statement provides for Renault Group to get Volvo Group’s and CMA CGM Group’s respective stakes successful Flexis (45% and 10%). It could go effectual by the extremity of the archetypal fractional of 2026, taxable to support by the contention authorities.

The commercialized conveyance task was acceptable up to make battery-electric vans utilizing a centralised computing platform.

French paper Le Monde reported that tensions emerged pursuing the assignment of François Provost arsenic Renault’s CEO.

Renault said the alteration successful governance ‘does not change either the merchandise ambition oregon the archetypal concern program aiming to supply breakthrough products and services successful the electrical mean van range’.

It said the worth of the project, the foundations laid since 2024, and the technologies developed — unsocial skateboard platform, 800V motor, and SDV (Software Defined Vehicle) architecture — are ‘more than ever aligned with the challenges of municipality logistics and its increasing decarbonisation needs’.

Renault Group’s teams volition proceed to afloat prosecute ‘this ambitious project’, convinced of the imaginable of this caller procreation of scope of electrical vans, opening with Renault Trafic Van E Tech electrical from precocious 2026 onward.

In France, astir 1,300 radical are moving connected its improvement crossed assorted Renault Group sites successful the Île de France portion (including the Guyancourt Technocentre and the Villiers Saint Frédéric Light Commercial Vehicle Center of Excellence), done to industrialization astatine the Group’s Sandouville works successful Normandy.

Volvo Group, done Renault Trucks, volition administer the van products from 2027, successful continuity with the long-standing narration betwixt Renault Group and Renault Trucks for airy commercialized vehicles.

Under the archetypal statement for the JV, Renault and Volvo each planned to put €300m ($357.50m) implicit 3 years, portion CMA CGM (a French shipping and logistics group) committed €120m via its transport decarbonisation concern fund.

"Renault takes afloat ownership of electrical LCV JV Flexis" was primitively created and published by Just Auto, a GlobalData owned brand.