Innovation

Volvo Group and Renault Group Propel Forward Electric Mobility with Flexis SAS Joint Venture

In a monumental step for the future of zero-emission transportation, the Volvo Group and Renault Group have announced the official launch of their burgeoning enterprise, Flexis SAS, following the fulfillment of binding joint venture agreements signed on October 6th, 2023. This new venture is set to revolutionize the industry with its next-generation fully electric and software-defined vehicles.

A New Era in Urban Logistics

Located in the heart of France, Flexis SAS emerges as a beacon for the transport sector's ongoing quest towards decarbonization and efficiency in urban logistics. Its creation symbolizes a pivotal development aimed at satisfying the growing global demand for environmentally friendly urban transportation solutions.

Financial Commitments and Strategic Investments

Both auto industry titans, Volvo Group and Renault Group, have committed to pouring substantial investments, of EUR 300 million each, over the subsequent three years to nurture the new company. This substantial financial influx will assist in propelling the venture towards revolutionary advancements in the electrical vehicle domain.

Adding to the financial powerhouse behind Flexis, the renowned CMA CGM Group, through its groundbreaking PULSE investment fund, has solidified its strategic position by confirming an investment that could soar up to EUR 120 million. The PULSE fund's primary mission revolves around a noble EUR 1.5 billion initiative, which is ardently championing the decarbonization of the logistics value chain.

Contacting the Industry Leaders

For those in search of more information or intent on engaging with this groundbreaking initiative, Volvo Group's spokesperson, Claes Eliasson, can be reached at +46 76 553 7229 or through the email [email protected]. Likewise, Renault Group has designated Rie Yamane as their press contact, available at +33 6 03 16 35 20 or via [email protected]. Furthermore, Paul Jacobsoone can be reached at +33 6 82 76 23 96 or at [email protected] to field inquiries.

About the Volvo Group: Pioneers of Sustainable Transport

A vanguard in sustainable transport since its inception in 1927, the Volvo Group has been at the forefront of driving prosperity through groundbreaking transport and infrastructure solutions. Their vast array of offerings include trucks, buses, construction equipment, and power solutions designed for marine and industrial applications, complemented by financial services and customer-focused support services that enhance up-time and productivity.

Headquartered in the historical city of Gothenburg, Sweden, Volvo Group's workforce exceeds 100,000 dedicated individuals serving a nearly global clientele across 190 markets. Boasting a remarkable net sales figure of SEK 553 billion (EUR 48 billion) in 2023, the company's presence on the Nasdaq Stockholm reflects its unwavering commitment to reshaping the sustainable transport and infrastructure landscape.

For more insights into their mission and for regular updates, the public and interested parties can visit volvogroup.com and follow the company on Twitter at @volvogroup.

Renault Group: Redefining Mobility for the Modern Era

The Renault Group stands as a titan of innovation within the automotive industry. Renowned for their commitment to reinventing mobility, they have strategically leveraged their alliance with Nissan and Mitsubishi Motors to cement their position as leaders in electrification. The group's portfolio is an eclectic mix of four synergistic brands—Renault, Dacia, Alpine, and Mobilize—each offering a distinct yet cohesive vision for sustainable and innovative mobility solutions.

With global aspirations, Renault Group's influence spans more than 130 countries, with a staggering 2.235 million vehicles sold in 2023 alone. Fostering a workforce of nearly 106,000 individuals, the company's purpose resonates with every employee, envisioning a world where mobility unites people seamlessly.

Committed to transcending challenges both on the road and the competitive arena, Renault Group is prepared to undergo a significant transformation that promises to deliver enriched value through cutting-edge technology and services, along with a new spectrum of competitive, balanced, and electrified vehicles. Aligned with the pressing environmental challenges of our time, the company's strategic vision aspires to realize carbon neutrality in Europe by the ambitious year of 2040.

For those seeking further information about the Renault Group, they can visit renaultgroup.com.

The Vision Behind Flexis SAS Unveiled

Flexis SAS represents the shared vision of these two industry giants—a vision where innovation, sustainability, and forward-thinking strategies coalesce to redefine urban transportation. The venture stands as a testament to both groups' unwavering dedication to driving the future of mobility towards an electrified horizon.

CMA CGM Group's deliberate choice to invest in Flexis validates the venture's strategic importance within the broader landscape of clean and efficient logistics. It is a move that aligns with global trends and responds to an increasing awareness of environmental stewardship in the corporate world.

Seeking More Information?

For those yearning to delve deeper into this momentous development in the electric vehicle industry, news releases and detailed documents can be accessed online. Press contacts have been made accessible to satisfy journalistic inquiries and public curiosity about the future trajectory of this joint venture.

For additional press releases or information on AB Volvo or the Renault Group or to understand the breadth of the Flexis SAS joint venture, please navigate to the following link: Joint Venture Complete Announcement.

To further explore the details of this newly formed enterprise, downloadable materials are available, which can provide invaluable insights into the innovative partnership between Volvo Group and Renault Group. This includes comprehensive resources regarding the Flexis SAS joint venture and high-resolution images that narrate the visual story of this significant undertaking.

Available for download is a thorough document outlining the details of the joint venture, which can be accessed at Flexis SAS Joint Venture Document for those who wish to gain an in-depth understanding of the venture.

Additionally, visual representation of the partnership can be found at VolvoGroup2 1860x1050 Image, providing a glimpse into the grandeur and scope of the collaboration.

These resources provide not only a tangible representation of the Flexis SAS venture but also an opportunity to visually and intellectually engage with the collaborative efforts of Volvo Group and Renault Group as they venture forward into a new era marked by innovation and environmental concern.

In Conclusion: Driving Towards a Greener Future

The formation of Flexis SAS by Volvo Group and Renault Group signals a crucial pivot towards a more sustainable future in transportation. With both groups embracing this joint venture, they assert their dedication to developing solutions that meticulously consider the environmental impact of urban logistics.

Evolving regulations and shifting consumer values demand that industry leaders take decisive action to secure a healthier planet for future generations. Vehicles from Flexis SAS will presumably stand at the vanguard of this transformation, leveraging technological advancements to serve the present without compromising the future.

Investments from prominent entities like CMA CGM Group not only provide capital but also validate the venture's importance in the bigger picture of global sustainability efforts. As such, Flexis SAS emerges as an embodiment of a shared commitment to cutting-edge, clean, and efficient urban transport solutions.

Providing insight into this initiative, the press contacts for Volvo Group and Renault Group are keenly available for public and media inquiries. Generous insights await those who seek to underpin this historic collaboration with in-depth knowledge and nuanced appreciation for the strides being made in electric mobility.

It is encouraging to witness two titans of the automotive world joining forces with such resolve and vision. Their combined expertise and capital mark a bold stride in the pursuit of sustainable mobility. The tangible support and commitment expressed by these major players are indicative of both their foresight and an unwavering commitment to societal and environmental responsibility.

Volvo Group's extensive background in transport solutions, paired with Renault Group's advanced expertise in electrification, creates a formidable synergy at the core of Flexis SAS. This partnership is likely to yield groundbreaking developments that will resonate across the industry and serve as benchmarks for innovation and sustainable practices.

As the world watches, Flexis SAS stands on the precipice of a new age—a time where electric and software-defined vehicles are not futuristic concepts, but practical, day-to-day implements shaping the urban landscape. This is more than an alliance of two corporate entities; it is the dawning of a new epoch in transportation, signifying a tangible shift towards embracing green technologies.

Volvo Group and Renault Group stepping into the arena of electric vehicle production through Flexis SAS is a formidable gesture, one that speaks volumes about their strategic priorities and their sense of corporate social responsibility. With such robust backing, Flexis SAS is poised to set new standards in the electric vehicle market and transform urban logistics into a greener, more sustainable practice.

Indeed, as the world becomes more cognizant of the need for sustainable practices, initiatives like Flexis SAS ignite hope and establish benchmarks for the industry to emulate. The anticipation surrounding this venture is palpable, as are the expectations for its contribution to reducing the carbon footprint of urban transportation.

This alliance demonstrates a remarkable blend of progressive vision, industry expertise, and unwavering commitment to sustainability. The future that Volvo Group and Renault Group envision through Flexis SAS is not merely one of technological prowess, but also of meaningful impact on the environment and society.

As the venture gears up for the years ahead, industry enthusiasts and environmental advocates alike will watch with keen interest. Flexis SAS is more than just a business venture; it is a beacon of hope for a cleaner, greener future. A future that companies like Volvo Group and Renault Group are determined to create through innovation, investment, and an unyielding dedication to a sustainable tomorrow.

With Flexis SAS, the journey towards cleaner urban mobility and environmental consciousness gains a significant ally. As initiatives such as these continue to gain momentum and attract investment, there is every reason to believe that the vision for a decarbonized transport sector is well within grasp.

In a world swiftly moving towards a more environmentally conscious and sustainable lifestyle, ventures like Flexis SAS stand out as pivotal milestones in the journey. Pioneered by industry innovators and supported by strategic investment, the drive towards a greener future accelerates with each passing day. The wheels are in motion, and the path ahead looks electric.

SOURCE AB Volvo