Volvo Group and Renault Group create joint venture Flexis SAS in France, investing €300M each for electric and software-defined urban logistics vehicles.

Volvo Group and Renault Group complete creation of joint venture Flexis SAS, launching the next generation of fully electric and software-defined vehicles to address decarbonized urban logistics. The companies plan to invest €300M each over the next three years, with strategic investments up to €120M by CMA CGM Group. Flexis SAS will be based in France.

March 22, 2024
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