Finance
Renault to take full ownership of electric van joint venture Flexis
Published by Global Banking & Finance Review®
Posted on February 23, 2026
1 min readLast updated: February 23, 2026
Quick Summary
Renault will buy Volvo Group’s and CMA CGM’s stakes in Flexis, taking full control of the electric van JV. The deal is expected to take effect by end‑H1 2026, pending approvals. (volvogroup.com)
Renault set to assume full control of Flexis electric van joint venture
Stakeholders and Structure
Deal Terms and Timeline
Feb 23 (Reuters) - Renault will acquire truckmaker Volvo's and shipping group CMA CGM's respective stakes in new generation electric vans joint venture Flexis, the French carmaker said on Monday.
Implementation Schedule
The agreement will become effective by the end of the first half of 2026, it added.
Reporting and Editing Credits
(Reporting by Mathias de Rozario in Gdansk, editing by Milla Nissi-Prussak)
Key Takeaways
- •Renault will acquire Volvo Group’s 45% and CMA CGM’s 10% stakes in Flexis, taking full ownership of the JV. (volvogroup.com)
- •The transaction reflects a strategic shift in Flexis’ business model and is subject to regulatory approvals. (volvogroup.com)
- •Volvo Group, via Renault Trucks, will remain a partner/investor and distribute Flexis-developed products from 2027. (volvogroup.com)
- •Flexis targets next‑gen electric, software‑defined vans, with production based in Sandouville, France from 2026. (media.renaultgroup.com)
- •Earlier, Flexis reported letters of intent for up to 15,000 vans from European logistics firms, supporting market demand. (investing.com)
Frequently Asked Questions about Renault to take full ownership of electric van joint venture Flexis
1What is the main topic?
Renault will acquire Volvo Group’s and CMA CGM’s stakes in Flexis, the electric van joint venture, to take full ownership. The move marks a strategic shift in the JV’s model and remains subject to regulatory approvals. (volvogroup.com)
2Who are the sellers and what are the stakes?
Volvo Group is selling its 45% stake and CMA CGM its 10% stake in Flexis to Renault, which will then own 100% of the company. (volvogroup.com)
3What happens to Volvo’s role after the deal?
Volvo Group, through Renault Trucks, will stay involved as a partner and investor and will distribute Flexis-developed products starting in 2027. (volvogroup.com)
