Overview
Renault Group will take full ownership of Flexis, the electric van venture it shares with Volvo Group and CMA CGM Group, by acquiring their respective stakes of 45% and 10%. The transaction is subject to competition authority approvals and could take effect by the end of the first half of 2026.
Ownership shift and control
Acquiring these stakes will move Flexis from a shared structure to full ownership by Renault. Financial terms were not disclosed. Flexis is described as an electric van group; with full control, Renault will direct the venture’s product roadmap and industrial planning.
Program focus and unchanged plan
The plan remains unchanged despite the ownership shift. Flexis targets the electric medium van segment, with development continuing on schedule. The industrial plan is designed to deliver “breakthrough” products and services in the medium van range.
Product and rollout timeline
- Mid‑2026: Expected completion of competition authority reviews; Renault assumes full ownership.
- Late 2026: Introduction of the Renault Trafic Van E‑Tech electric.
- 2027: Broader distribution of Flexis‑developed products by Volvo Group through Renault Trucks.
This cadence centers on medium-size commercial vehicles commonly used in urban and regional logistics.
Distribution and partnerships
Even as equity ties unwind, Volvo Group remains commercially involved: starting in 2027, it will sell Flexis products via Renault Trucks, leveraging established sales and service networks. CMA CGM’s 10% stake will transfer to Renault as part of the consolidation.
Strategic context
The consolidation aligns with Renault’s commercial‑vehicle strategy in a segment where fleet operators are shifting toward lower‑emission options. Medium vans often run predictable routes and return to depots, matching the range and charging profiles of electric powertrains.
What is not changing
- Product ambition and industrial plan remain intact.
- First product timing stays at late 2026.
- Distribution via Renault Trucks begins in 2027.
Open details
The report does not detail the production footprint, technical specifications, pricing, or market rollouts. Additional information is expected as the Trafic Van E‑Tech electric nears launch and 2027 distribution preparations progress.
Next steps
Proceed through standard competition authority review. If approvals stay on schedule, Renault will carry the Flexis program forward under one corporate roof by mid‑2026.
