Flexis: Equipment provider CMA CGM completes alliance with Renault and Volvo for electric vehicles – delivery trucks, vans and couriers, mobility (e-mobility) | News

As previously announced, the automotive equipment provider CMA CGM Group has joined Flexis SAS, founded on March 22, 2024 by Renault Group and Volvo Group. The alliance wants to develop a new generation of electric vehicles. CMA CGM, through its energy fund PULSE, has acquired a 10% stake in Flexis SAS and confirmed its intention for a strategic investment of up to 120 million euros by 2026.

Volvo Group and Renault Group, which each have a 45% stake in Flexis SAS, plan to invest 300 million Euros each over the next three years. There are new expectations for electric vehicles as professional customers face increasing pressure from climate change and CO2 regulations, while e-commerce and logistics are on the rise. The European market for electric vehicles is expected to grow by an average of 40% per year until 2030.

A classic electric car in development

Flexis SAS was founded to accelerate the decarbonisation of the transport and logistics sector. As a merger of three leading companies with a “soft start-up approach”, the company is intended to combine the industrial expertise of world-class car manufacturers with the number one know-how in automotive accessories. The three companies see themselves as playing a leading role in electric vehicles and software as well as developing Renault Group LCVs, transport solutions and expertise in customized services, spare time and productivity for Volvo Group Logistics, especially for the automotive industry, and as an organization. pioneers in supply chain decarbonisation for CMA CGM.