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.
Renault Group délivre une performance robuste, confirme ses perspectives financières 2026 et met en œuvre avec rapidité futuREady
Croissance du chiffre d'affaires de 9,5 % portée par l'Automobile (26,8 Md€) et Mobilize Financial Services (3,4 Md€), marge opérationnelle du Groupe à 5,2 %, free cash-flow Automobile de 653 M€ incluant 250 M€ de dividendes de MFS, position financière nette positive de 6,6 Md€. Mix électrifié en Europe à 52,0 %, ventes électriques en hausse de 47,6 %. Perspectives 2026 confirmées dans un environnement difficile marqué par la crise au Moyen-Orient.
Risks mentioned
Crise au Moyen-Orient pesant sur les coûts de matières premières, d'énergie et de logistique
Environnement décrit comme difficile par le Groupe pour 2026
Effets de change négatifs : croissance de 9,5 % contre 10,3 % à change constant
Carnet de commandes en Europe limité à 2,1 mois de ventes prévisionnelles
Opportunities identified
Accélération de l'électrification : mix électrifié en Europe à 52,0 %, +8,2 points
Ventes de véhicules électriques en hausse de 47,6 %
Croissance à l'international : Inde +61,2 %, Turquie +15,4 %, Maroc +13,7 %, Brésil +5,3 %
Réduction des coûts variables d'environ 400 euros par véhicule et par an via futuREady
Ventes Alpine en hausse de 69,1 % par rapport au 1er semestre 2025
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