Decarbonized and efficient logistics get a boost as Renault Group, Volvo Group, and CMA CGM Group combine efforts, unveiling a fresh generation of electric vans to meet increasing demands.
New Joint Venture Announces Development of Revolutionary Electric Vans
A groundbreaking collaboration between Renault Group and Volvo Group has resulted in the formation of a latest news company, set to revolutionise the electric cars industry. The company, which will operate under its own corporate identity and be based in new york, will offer an all-new generation of electric cars, boasting outstanding compactness for urban mobility, high polyvalence for tailor-made solutions, and unprecedented features such as an 800V battery system.
At the helm of this innovative project is Rodolphe Saadé, the Chairman and CEO of the French shipping and logistics company CMA CGM Group, the third largest container shipping company in the world. Saadé, who owns 73% of the company through his family, has expanded the company’s fleet and diversified its operations since becoming CEO in 2017. CMA CGM is expected to join the new company, with Renault and Volvo continuing to seek additional investment and business partners.
The new company will combine the agility of a start-up with the strong backbone of its industry-leading partners. Renault Group, with its expertise in developing and manufacturing nbc news vehicles at scale, will onboard its first Software Defined Vehicle architecture. Volvo Group, a global leader in trucks and with a strong customer base of professional logistic companies, will contribute its experience in uptime and productivity services, as well as its global service network.
Volvo Group and Renault Group have been working together on light commercial vehicles for over 35 years. The new vans shoes will be built on a fully electric LCV skateboard platform, offering high modularity and breakthrough on safety requirements. The future company will also adopt the Software Defined Vehicle architecture, providing unprecedented capabilities to monitor delivery activity and user business performance.
The new electric cars are expected to reduce the global cost of usage for logistic players by 30%. They will be equipped with connected services enabled by the software defined vehicle technology, offering up-to-date vehicles all lifelong. CMA CGM intends to assist the new company in building solutions for all transport and supply chain player's needs.
The joint venture is scheduled to start operations in early 2024, subject to regulatory approval processes. Production of the new electric cars is planned to start in 2026. Luca de Meo is the CEO of Renault Group, and Martin Lundstedt is the President and CEO of Volvo Group.
This collaboration is set to redefine the electric cars industry, offering a more efficient, sustainable, and technologically advanced solution for logistics players worldwide.
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