*This content was translated by AI.
Renault Group has secured a 100% stake in Flexis SAS, fully incorporating it as a subsidiary. Renault Group acquired the 45th% and 10% stakes in Flexis held by Volvo Group and CMA CGM Group, respectively, and has received approval from all relevant regulatory authorities.
Flexis was established as a joint venture in 2024 by Renault Group, Volvo Group, and CMA CGM for the Purpose-Based Mobility (PBM) business focused on environmental sustainability. The company aims to reduce carbon emissions and improve efficiency in urban logistics and last-mile delivery. This stake consolidation represents a strategic move toward electrification in the light commercial vehicle segment, specifically urban trucks, rather than heavy-duty trucks.
With this acquisition, Flexis's product development direction and existing industrial production plans will remain unchanged. Since its establishment, Flexis has laid the technological foundation for developing the Trafic Van E-Tech electric, including a dedicated skateboard platform capable of integrating 800V electric powertrains and a software-defined vehicle (SDV) architecture.
The Renault Group development team plans to finalize the development of next-generation electric vans and digital services such as vehicle fleet management and energy monitoring, aligning with diverse urban logistics needs and decarbonization trends. Production of the Trafic Van E-Tech electric will begin as scheduled at the end of 2026 at the Renault factory in Sandouville, France. Volvo Group will launch and distribute the vehicle starting in 2027 through Renault Trucks.
Through the acquisition of Flexis, Renault Group is providing sustainable mobility solutions based on synergies among its three automotive brands—Renault, Dacia, and Alpine—and its financial service, Mobilize Financial Services. Renault Group operates in over 100 countries worldwide, selling 2.337 million vehicles as of 2025 and employing more than 100,000 people. The group is focusing on the development of new technologies and services, and expanding its lineup of electrified vehicles, with the goal of achieving carbon neutrality in Europe by 2040 and globally by 2050.
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*This content was translated by AI.
