News / CMA CGM joins Renault and Volvo in Flexis electric truck JV

Photo 114496245 © Kawee Wateesatogkij | Dreamstime.com

CMA CGM has joined the Flexis electric light van manufacturing joint-venture, formed between carmakers Renault and Volvo last month.

The French container shipping line announced this morning it had invested €120m in Flexis SAS to acquire a 10% stake in the venture through its PULSE energy investment fund.

Volvo and Renault initially signed the JV agreement last October and were issued regulatory approvals on 22 March. Under the terms of the agreement, each firm will invest €300m over the next three years.

Both ...