The Renault Group, the Volvo Group, and the CMA CGM Group have signed a binding agreement, still subject to approval by the authorities overseeing competition rules in the European Union (EU), under which the French conglomerate will take control of Flexis SAS, a company founded by the three firms in 2024 for the development and production of a new generation of electric commercial vehicles. This agreement, which provides for the acquisition by the Renault Group of all shares held by the Volvo Group and the CMA CGM Group in the company (45% and 10%, respectively), is expected to take effect by the end of the first half of 2026, and will allow Flexis to enter a new phase of development.
With the operation taking place, the Renault Group will oversee the development of the new family of commercial vehicles. However, the change in the shareholder structure does not alter Flexis’s initial ambition, nor the product plan, namely the presentation of both solutions and services, with the category of medium vans powered exclusively by electricity as the primary objective.
The value of the project, the foundations established in 2024, and the technologies developed, particularly the skateboard-type platform with an 800 V electric architecture, will not be abandoned. Thus, by the end of the year, series production of the Renault Trafic Van E-TECH Electric, the first member of the new family of models, is expected to commence at the Sandouville factory in France.
Currently, around 1300 people are working on this project, distributed across various facilities of the Renault Group, all in France. Whether in the Île-de-France region (notably at the Technocentre in Guyancourt, and at the Villiers-Saint-Frédéric Shopping Center), or at the Sandouville factory in Normandy.
