US EditionVolvo Group, Renault Group and CMA-CGM in agreement on strategic change for Flexis
- On Feb. 23, 2026, Renault Group agreed to buy Volvo Group's 45% and CMA CGM's 10% stakes in Flexis S.A.S., subject to regulatory approval.
- Created in 2024, Flexis was built with Volvo Group and CMA CGM and Renault said this change aligns Flexis with Renault Group and Renault Trucks' light commercial vehicle model by mid-2026.
- From 2027, Volvo Group, through Renault Trucks, will remain a partner and distribute Flexis-developed products while production begins at Sandouville by the end of 2026; Renault and Volvo each committed to invest 240m.
- A Renault spokesperson said it will pay a combined price of 'several hundred million euros', the sellers declined to comment on financial details, and Volvo Group said the deal carries no material earnings impact.
- New van registrations in the European Union fell 8.8% in 2025, with around 11% electrically chargeable, yet partners say they remain confident in Flexis's Software Defined Vehicle mobility solutions.
22 Articles
22 Articles
French automaker Renault has agreed to take full control of the Flexis joint venture for the production of next-generation electric delivery vehicles, which it founded the year before last with Swedish truck manufacturer Volvo and French shipping company CMA CGM.
Volvo Group, Renault Group and CMA-CGM in agreement on strategic change for Flexis
GOTHENBURG, Sweden, Feb. 23, 2026 /PRNewswire/ -- Volvo Group, Renault Group and CMA-CGM have made an agreement to make a strategic change to the business model of Flexis. This strategic move reaffirms the parties' commitment to innovation and collaboration and…
Renault buys out Volvo Trucks & CMA CGM, takes full control over Flexis
Flexis, the joint venture between Renault Group, Volvo Group, and CMA CGM, was founded in 2024 to develop an advanced, software-driven electric LCV architecture to accelerate the development of electric vans. Now, Renault has announced it will acquire full ownership of Flexis and carry the project through to completion in France. Flexis was founded with the vision of breaking the mould in the electric van market, which is expected to grow by 300…
Just over a year ago, the new joint venture Flexis, founded in early 2024 by the Renault Group, the Volvo Group, and CMA-CGM, unveiled three new vehicle models and additional services slated for market launch in 2026. Now, these plans are undergoing significant changes. The ownership structure of Flexis is being reorganized: the Renault Group, the Volvo Group, and CMA-CGM have reached an agreement allowing Renault to fully acquire the joint vent…
Renault acquires the shares of Volvo and CMA CGM in Flexis, a development company for e-transporters. The Renault Trafic E-Tech comes out in 2026.
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