Renault eyes full control of electric van venture Flexis, Le Monde reports
#Renault #Flexis #Electric Vans #Joint Venture #Volvo Group #CMA CGM #Light Commercial Vehicles
📌 Key Takeaways
- Renault is considering taking total control of the Flexis electric van joint venture.
- The venture was originally a collaboration between Renault, Volvo Group, and CMA CGM.
- A full buyout would allow Renault to speed up the development of software-defined commercial vehicles.
- The move reflects a broader industry trend toward vertical integration to combat rising competition.
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🏷️ Themes
Automotive, Business Strategy, Electric Vehicles
📚 Related People & Topics
Joint venture
Type of business entity
A joint venture (JV) is a type of business entity created by two or more parties that normally has shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly an emerging market; to gain sc...
Renault FlexEVan
Motor vehicle
The Renault FlexEVan is an upcoming range of 100% electric light commercial vehicles (LCVs) developed through a collaboration between Renault, Volvo Group, and CMA CGM within the joint venture Flexis. Production is set to begin in 2026 at Renault's Sandouville plant in France. The production model w...
Renault
French multinational automobile manufacturer
Renault S.A., commonly referred to as Groupe Renault (UK: REN-oh, US: rə-NAWLT, rə-NOH; French: [ɡʁup ʁəno], also known as the Renault Group in English), is a French multinational corporation and automobile manufacturer established in 1899. The company currently produces a range of cars and vans....
Volvo
Swedish multinational manufacturing company
The Volvo Group (Swedish: Volvokoncernen, pronounced [ˈvɔlːvʊˌkɔnˈsæːɳɛn]; legally Aktiebolaget Volvo ([ˈakːsɪɛbʊˌlɑːɡɛt ˈvɔlːvʊ]), shortened to AB Volvo ([ˈoːˈbeː ˈvɔlːvʊ]), stylized as VOLVO) is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity ...
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Connections for Joint venture:
- 🏢 Western Digital (1 shared articles)
- 🌐 Flash memory (1 shared articles)
- 🏢 Kioxia (1 shared articles)
- 🏢 Sandisk (1 shared articles)
📄 Original Source Content
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry As Claude disrupts stock market, Anthropic researcher warns ’world is in peril’ Gold, silver prices rise amid U.S.-Iran tensions, blowout January payrolls data Dow halts three-day win streak as blowout jobs data curbs rate cut bets Citi pushes back Fed rate cuts to May after blowout January jobs report (South Africa Philippines Nigeria) Renault eyes full control of electric van venture Flexis, Le Monde reports Stock Markets Published 02/09/2026, 12:46 PM Updated 02/09/2026, 01:18 PM Renault eyes full control of electric van venture Flexis, Le Monde reports 0 VOLVb 1.46% RENAp 0.09% PARIS, Feb 9 - Renault plans to buy out stakes held by Volvo Group and shipping firm CMA CGM in their electric van joint venture Flexis, French newspaper Le Monde reported on Monday, following a review of the business plan as market growth falls short of expectations. CEO François Provost, who took over last year, is accelerating efforts to streamline Renault’s operations. The French automaker is already planning to fold its Ampere electric-vehicle unit back into the group, two sources told Reuters in January, and has shut its car-sharing services as part of a restructuring of its Mobilize division. A Renault spokesperson declined to comment on the Le Monde report, saying only that discussions were under way, and relations with Flexis and its shareholders remained good. But a spokesperson denied an asset impairment was likely to appear in Renault’s financial results, scheduled to be released on Feb. 19, as was also reported by the French newspaper. Reuters could not independently verify the report. Flexis was created in 2023 by former Renault CEO Luca de Meo in partnership with Sweden’s Volvo, with CMA CGM joining later as a minority shareholder. Renault and Volvo each hold 45%, with CMA CGM owning 10%. Le Monde said Renault would take full control of the venture, though the price negotiated by Provost for the partners’ exit was no...