Renault Group has ended a joint venture with Volvo Group and CMA CGM by taking full control of commercial vehicle manufacturer Flexis.
Along with Volvo, Renault owned a combined 90% stake in the firm, with each owning 45% and shipping and logistics firm CMA CGM owning the remaining 10% stake.
The agreement, which could become effective by the end of the first half of 2026, subject to approval by the competition authorities, provides for Renault Group to acquire Volvo Group’s and CMA CGM Group’s respective stakes in Flexis.
Renault Group will therefore now oversee the development of the new, fully electric, range of light commercial vehicles, with production expected to begin by the end of 2026, as initially planned.
Flexis was launched in 2024, and the technologies developed – a skateboard platform, 800V motor, and Software Defined Vehicle (SDV) architecture developed by Renault’s Ampere division – are designed for urban logistics and its growing decarbonisation needs.
The initial line-up was made up of three models: the Cargo van, Panel Van and Step-in van.
Renault said the change in governance “does not alter either the product ambition or the original industrial plan” which aims to provide “breakthrough products and services in the electric medium van range.”
Volvo Group, through Renault Trucks, will also distribute these products from 2027, in continuity with the long‑standing relationship between the two companies for light commercial vehicles.
Also, by the end of 2026, production of the Renault Trafic Van E-Tech electric, will begin at Renault Group’s Sandouville plant in France.
