Uber is partnering with Amazon-owned Zoox to let riders book the company’s small, boxy electric vans via the Uber app starting in Las Vegas this summer, with Los Angeles slated to follow in 2027. Learn more: https://t.co/oWaD61I4eC (📸: Gado via Getty Images) https://t.co/7HRkCkiaHr ...

Core Viewpoint - Renault Group is set to acquire full ownership of Flexis SAS, a joint venture aimed at developing a new generation of electric vans, with the acquisition expected to be finalized by mid-2026, pending regulatory approval [1][3]. Group 1: Acquisition Details - Renault Group will acquire Volvo Group's 45% stake and CMA CGM Group's 10% stake in Flexis SAS [3]. - The acquisition is part of Renault's strategy to enhance its electric light commercial vehicle (LCV) offerings [2][4]. Group 2: Leadership and Governance - Krishnan Sundararajan has been appointed as CEO, effective February 23, 2026, to lead the next phase of the electric van project [2]. - Renault stated that the change in governance will not affect the product ambitions or the original industrial plan for electric medium vans [4]. Group 3: Project Development and Investment - The project has secured long-term financing and industrial support to accelerate the development of next-generation fully electric LCVs [2]. - Renault and Volvo each planned to invest €300 million ($357.50 million) over three years, while CMA CGM committed €120 million through its transport decarbonisation investment fund [7]. Group 4: Technological Advancements - The project focuses on developing battery-electric vans using a centralized computing platform, with unique technologies such as a skateboard platform, 800V motor, and Software Defined Vehicle (SDV) architecture [4]. - The first model, Renault Trafic Van E Tech electric, is expected to launch in late 2026 [5]. Group 5: Workforce and Development Sites - Approximately 1,300 employees are involved in the development of the electric vans across various Renault Group sites in the Île de France region [6]. - The industrialization of the project will take place at the Group's Sandouville plant in Normandy [6]. Group 6: Distribution and Market Strategy - Volvo Group, through Renault Trucks, will distribute the electric van products starting in 2027, continuing the longstanding relationship between the two companies in the light commercial vehicle sector [7].

Group 1 - Renault will acquire Volvo AB's 45% stake in the electric-van joint venture Flexis [1] - Renault will also acquire CMA-CGM's 10% stake in Flexis for an undisclosed sum [1]

Group 1 - Renault will acquire the stakes of truckmaker Volvo and shipping group CMA CGM in the electric van joint venture Flexis [1] - The acquisition agreement is set to become effective by the end of the first half of 2026 [1]