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 ...

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]

Renault to take full ownership of electric van joint venture Flexis February 23, 20267:25 AM UTCUpdated ago By Reuters A logo of Renault is seen outside a Renault car dealer in Arnhem, Netherlands February 18, 2025. REUTERS/Piroschka van de Wouw/File Photo Purchase Licensing Rights, opens new tab Feb 23 (Reuters) - Renault (RENA.PA), opens new tab will acquire truckmaker Volvo's (VOLVb.ST), opens new tab and shipping group CMA CGM's respective stakes in new generation electric vans joint venture Flexis, the ...