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In a Significant Move in the Automotive and Logistics Landscape, the Renault Group, the Volvo Group, and the CMA CGM Group Announced a Strategic Partnership for the Development of a New Generation of Electric Vans.
This venture aims to meet the growing need for efficient and decarbonized logistics, anticipating future regulations on CO2 emissions in the transport of goods.
According to information provided by Renault, the three companies plan to invest 300 million euros each over the next three years to foster this innovation. The establishment of the new company is expected to begin in early 2024, subject to the completion of all regulatory approval processes. The future company will operate under its own corporate identity and will be based in France.
Market Opportunities and Logistics Challenges
By 2030, the European electrified van market is expected to triple, creating a vast opportunity for this new Light Commercial Vehicle (LCV) offering. The initiative particularly focuses on the expanding e-commerce and vehicle rental businesses.
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The partnership will address the challenges faced by logistics players, offering safer and more effective solutions through the new Software-Defined Vehicle platform.
Innovation in Electrification and Connectivity
The new vans will be built on a fully electric platform, providing high modularity for different types of bodies at a reduced cost. Volvo, a global leader in trucks, will contribute its extensive experience in productivity and uptime services.
Meanwhile, Renault, a European pioneer in electric vehicles, will provide know-how for the development of the electric platform. The vehicle will also feature unprecedented activity monitoring capabilities for delivery and business performance.
Renault and Volvo’s Commitment to Sustainability with Their New Company
“Electrification and digitalization are paving the way for a revolution in the LCV market. Renault intends to lead this transformation”, said Luca de Meo, CEO of the Renault Group. On the other hand, Martin Lundstedt, President and CEO of the Volvo Group, reiterated that “partnership and collaboration are key to achieving sustainable transportation solutions”.
The CMA CGM Group, a global player across all segments of the supply chain, aims to assist the new company in building appropriate solutions that meet the needs of all transport and supply chain players.
With information from Renault
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