Renault Acquires 100% of Flexis, Electric Trafic Expected by Late 2026
Renault Group has completed the acquisition of shares held by Volvo Group (45%) and CMA CGM (10%) in Flexis, increasing its stake to 100%. The production of the Trafic Van E-Tech Electric, the first fully electric van built on a software-defined vehicle architecture, will begin in late 2026 at the Sandouville plant.
Renault Group has received all the necessary regulatory approvals to acquire the stakes held by its partners in Flexis, thus transforming the company into a wholly-owned subsidiary of the French automaker. Volvo Group was selling a 45% stake while CMA CGM was relinquishing its 10% share. This transaction does not affect the product ambitions or the initial industrial plan defined for the vehicle. The technology of the Trafic Van E-Tech Electric is based on a proprietary skateboard platform capable of integrating an 800 V electric powertrain, combined with a software-defined vehicle (SDV) architecture. Since 2024, Renault's teams have consolidated these technological foundations and will continue the full development of the new electric van and its associated services.
Production at Sandouville, Marketing through Renault Trucks
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The manufacturing of the Trafic Van E-Tech Electric will start at the end of 2026 at Renault Group's Sandouville plant in France, as originally scheduled. Starting in 2027, Volvo Group will also market the vehicle through Renault Trucks, thus extending the longstanding partnership between the two groups in the light commercial vehicle segment. This dual marketing strategy continues the established relationship between Renault and Renault Trucks, allowing Volvo to expand its electric portfolio in the urban logistics sector and meet the growing demand for decarbonization.
Challenges of Urban Logistics and Energy Transition
The positioning of the Trafic Van E-Tech Electric in the electric utility vehicle segment addresses the challenges of urban mobility and emission reduction. The vehicle targets professional customers facing the gradual electrification of commercial fleets, a key issue for metropolises subject to increasingly stringent environmental regulations.
SectorAutomobile et mobilité›Constructeurs automobiles
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 41 848 millions d'euros
Quarterly revenue: 41 848 millions d'euros
Revenue growth: 7,1 %
Guidance from the release
« Dans un environnement difficile, Renault Group confirme ses perspectives financières 2026 » ; « ces fondamentaux sont au cœur de futuREady et renforcent notre confiance dans l'atteinte de nos perspectives financières 2026 »
Risks mentioned
Dacia sales transition in product and powertrain cycle amid rapid acceleration of EV demand (-9.7% in 9M)
Competitive pressure from Chinese brands particularly in C-segment where Bigster competes
Challenging conditions in key Latin American markets with Argentina market down 19.2% and intense competition
Opportunities identified
Product offensive in H2 2026 with 100% electrified offer (New Megane E-Tech, Trafic Van E-Tech, Duster E-Tech hybrid)
Strong EV momentum: EV sales +84.7% in Q3, increasing Group EV mix to 25.8%
Mobilize Financial Services revenue growth +11.0% with average performing assets at €62.5bn (+5.0% YoY)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.