Renault, Volvo and CMA GMC join forces in new business producing electric vans
Renault Group and Volvo Group are joining forces to address the growing need for decarbonisation in the logistics industry. The two automakers are establishing a new company, operating independently within its own corporate identity and based in France, to manage the development of an all-new generation of software-defined electric vans.
CMA CGM will join the new company, investing EUR 120 million through PULSE, its Energy Fund dedicated to accelerating the decarbonisation of transport and logistics. Renault and Volvo will continue to seek additional investment and business partners.
“Electrification and digitalisation are paving the way for a revolution in the LCV market. Renault Group intends to lead this transformation while ensuring a robust and effective value creation. The new company is the start-up minded, unmatched combination of the complementary assets of three champions: a leading truck maker, expert in tailored services, a champion of the global supply chains, and a European EV pioneer & LCV leader. All the ingredients are there to come up with something truly unique,” says Luca de Meo, CEO of Renault Group.
“We are excited to take yet another step in our journey towards sustainable transport solutions through the intended establishment of a new company. We see a growing demand for clean, efficient, and safe urban transportation and partnership and collaboration is key to achieve this,” says Martin Lundstedt, President, and CEO of Volvo Group.
Production is planned to start in 2026, and the vehicles will be built on a new fully electric LCV skateboard platform offering high modularity for different body types at low cost and breakthrough on safety requirements.