Renault takes full ownership of electric LCV JV Flexis

Renault Group is to acquire full ownership of Flexis SAS, the joint venture established by the three companies - Renault Group, Volvo Group and CMA CGM Group - in 2024 to create a new generation of electric vans. Renault also said it has secured long-term financing and industrial backing to accelerate the development and delivery of ‘next-generation’ fully electric light commercial vehicles (LCVs). Alongside this, Krishnan Sundararajan has been appointed CEO, effective 23 February 2026, to lead the next p ...