Shipowner CMA CGM has confirmed that it is joining forces with Renault and Volvo, in order to produce electric vans at the Renault factory in Sandouville, in Seine-Maritime. The information was revealed in October last year. This Wednesday, in a press release, details of the owner of the Marseille ship took a 10% stake in Flexis.
Flexis will provide electric vans
Flexis is an electric car venture designed by Renault and Volvo. CMA CGM Group goes and invests“up to €120 million”. The two automakers must put together 600 million euros. Each of them will hold 45%.
“In addition to delivering its vision as a customer, CMA CGM confirmed its interest in a strategic investment of € 120 million by 2026 “reveals the group in a press release.
550 jobs within four years
The announcement of the future FlexEvan production location at France’s Sandouville plant was accompanied by a commitment to hire 550 over four years. The press release mentions An investment of 330 million Euros for this historic Renault site, where 1,850 people and 600 part-time workers are already working. FlexEvan batteries will be produced by Verkor and its factory in Dunkirk (North), which has formed a partnership with Renault. These electric trucks will be intended last mile delivery.
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