CMA CGM Group joins Renault and Volvo as a founding member of Flexis SAS – Today Morocco

CMA CGM, through its PULSE energy fund, is taking a 10% stake in Flexis SAS and will invest up to €120 million by 2026. Volvo Group and Renault Group, which each hold 45% in Flexis SAS, plan to invest €300 million respectively. euro in the next three years.

The shipping giant CMA CGM has joined the new structure of Flexis SAS, established on March 22 by two car manufacturers, Renault and Volvo. Therefore, three international players in their respective industries are forming a joint venture for a revolutionary generation of electric vehicles. “CMA CGM, through its energy fund PULSE, takes a 10% stake in Flexis SAS and will invest up to 120 million euros by 2026. Volvo Group and Renault Group, which each hold 45% in Flexis SAS, plan to invest respectively 300. euros million in the next three years,” according to a press release issued following the announcement of this alliance between the three groups.
The 100% electric vehicles based on the integrated electronic platform will be manufactured at the Renault Group plant in Sandouville in France, which has been able to gather real professional experience in the production of light commercial vehicles. Bringing together three leading startup companies, “Flexis SAS combines the industrial expertise of world-class automotive manufacturers with the know-how of the number one company in automotive supply,” said the same source.

A new generation of light utility vehicles
The cars will be assembled on a new “skateboard” type platform dedicated to 100% electric light utility vehicles that will offer great versatility for different body types at a competitive cost and will provide a real advance in safety. Using a new integrated electronic platform, the vehicle will include new features to manage delivery operations and monitor commercial performance, thereby reducing the total cost of ownership for logistics players by up to 30%. Connected services will allow customers to have vehicles updated throughout their lifetime. This vehicle will offer exceptional compactness suitable for urban mobility, great versatility with tailor-made services and different battery capacities as well as the first 800 V architecture on the automotive market in this category.