PARIS, FRANCE: CMA CGM, through PULSE, its energy fund, acquired a 10% stake in Flexis SAS and has confirmed its interest for a strategic investment up to EUR 120 million by 2026.

Volvo Group and Renault Group, holding each a 45% stake in Flexis SAS, plan to invest respectively EUR 300 million over the next three years.

A coalition of three champions in their respective fields to address the needs for electrified vans

New expectations for electrified vans are emerging as professional customers are facing increasing pressure from climate change and CO2 regulations, while e-commerce and logistics are booming. The European market for electrified vans is expected to grow by 40% per year in average until 2030.

To address this market, Volvo Group, Renault Group and CMA CGM Group are creating Flexis SAS, to lead the decarbonization of transport and logistics sectors. A coalition of three leading companies with an agile start-up approach, Flexis SAS combines the industrial expertise of world class automotive manufacturers and the know-how of the number one company for automotive logistics.

The three companies are renowned for their leadership in:

• Electric vehicles and software, as well as LCV manufacturing for Renault Group

• Transport solutions with expertise in tailored services, uptime, and productivity for Volvo Group.

• Logistics, notably for the automotive industry, and as a pioneer in the decarbonization of supply chain for CMA CGM

A new generation of light commercial vehicles manufactured in France

The vehicles will be built on a new fully electric LCV skateboard platform that will offer high modularity for different body types at a competitive cost, and breakthrough on safety requirements.

Adopting the new connected electronic platform, the vehicle will onboard unprecedented capabilities to monitor users’ delivery activity and business performance, reducing up to 30% the global cost of usage for logistic players.

The connected services will enable customers to benefit from up-to-date vehicles during their whole lifecycle The van itself will offer outstanding compacity for urban mobility, and high polyvalence for tailor made solutions with different battery capacities, as well as the first 800V architecture on the market for vehicles in this category.

The vehicles will be produced in Renault Group’s Sandouville plant, expert in the LCV manufacturing, which will recruit 550 people over the next four years.

Renault, Volvo and CMA CGM forming new company jointly to launch electric vans