Volvo Group, Renault Group Form New Co to Build Electric Vans - Smart Energy Decisions

Distributed Energy Resources, GHG Emissions, Industrial  -  October 6, 2023

Volvo Group, Renault Group Form New Co to Build Electric Vans

The Renault Group and Volvo Group have partnered to create a new company managing the development of an all-new generation of electrified vans. 

The two companies also announced that CMA CGM, a French shipping and logistics company, will join the new company. The newly formed company will manufacture fully electric and software-defined vehicles and begin production in 2026.

The vehicles will be built on a new, fully electric LCV skateboard platform that will offer high modularity for different body types. The vans will offer different battery capacities with an unprecedented 800V feature for vans.

Renault Group will bring the know-how to develop and manufacture at scale the electric platform that will onboard its first Software Defined Vehicle architecture.

Volvo Group is a global leader in trucks with a strong customer base of professional logistic companies, a global service network, and wide experience in uptime and productivity services. 

CMA CGM will assist the new company in building appropriate solutions that can fit all transport and supply chain player's needs, based on end-to-end efficient solutions. 

"We are excited to take yet another step in our journey towards sustainable transport solutions through the intended establishment of a new company. Volvo Group is keen to continue to offer its customers complete transport solutions that help them decarbonize their value chains. We see a growing demand for clean, efficient, and safe urban transportation. Partnership and collaboration are key to achieve this," said Martin Lundstedt, President and CEO of Volvo Group, in a statement.

The joint venture is scheduled to start operations in early 2024, depending on the completion of all regulatory approval processes. This project was submitted in response to a France 2030 call for projects in line with the objectives of innovation and electrification.

The future company will operate under its own corporate identity and be based in France.


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