Renault Takes Full Control of Flexis to Finalize Development of Its New Electric Range
Renault Group, Volvo Group, and CMA CGM Group have reached an agreement allowing the French automaker to acquire the entire capital of Flexis. This transaction marks a new phase in the development of the project, which will maintain its base in France.
Renault Group will take over the entire capital of Flexis and lead the finalization of the development project. This shareholder restructuring is part of the long-term partnership between Renault Group and Volvo Group in the light commercial vehicles sector. The agreement reached between the three groups remains conditional upon obtaining all required regulatory approvals. The first model of the range, the Renault Trafic Van E-Tech electric, will enter production by the end of 2026 at the Renault Group's Sandouville plant. This French factory will be the manufacturing site for the new electric vehicle.
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Volvo Group, through its subsidiary Renault Trucks, will also market the Trafic Van E-Tech electric starting in 2027, thereby extending the historic partnership between the two groups on light commercial vehicles. This model represents the first element of the range developed under the Flexis project.
"Nos résultats 2025, dans un contexte de marché difficile, démontrent l’engagement de nos équipes pour délivrer une performance régulière de premier plan parmi les acteurs de l’industrie automobile."
Résultats 2025: chiffre d’affaires Groupe de 57 922 millions d’euros (+3,0 % YoY; +4,5 % à taux de change constants); chiffre d’affaires Automobile de 51 442 millions d’euros (+1,8 %); marge opérationnelle Groupe de 6,3 %; résultat net part du Groupe de -10 931 millions d’euros; résultat net du Groupe hors Nissan de 715 millions d’euros; free cash-flow Automobile de 1 473 millions d’euros; position financière nette Automobile de 7 370 millions d’euros; dividende proposé de 2,20 euros par action; perspectives 2026: marge opérationnelle du Groupe entre 5 % et 7 %, free cash-flow de l’Automobile d’environ 1,0 milliard d’euros et dividendes Mobilize Financial Services d’environ 350 millions d’euros; perspectives à moyen terme axées sur une croissance soutenue et la réduction des coûts.
Outlook / guidance
Management commentary: Renault Group vise une marge opérationnelle du Groupe entre 5 % et 7 % du chiffre d’affaires sur le moyen terme et un free cash-flow de l’Automobile d’environ 1,0 milliard d’euros par an en moyenne sur le moyen terme, incluant environ 350 millions d’euros de dividendes reçus de Mobilize Financial Services à partir de 2026.
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