Renault Group, Volvo Group and CMA CGM Group join forces to address
the growing needs of decarbonized and efficient logistics with an
all-new generation of electric vans
Renault Group, Volvo Group and
CMA CGM Group join forces to address the growing needs of
decarbonized and efficient logistics with an all-new generation of
electric vans
- Climate
change accelerates the need of electrification transition and
future CO2 regulations on transport of goods and access to cities
are drastically transforming the logistic ecosystem.
- The
professional customers already face increasing pressure on cost of
usage, need for electrified, safer and fully connected vehicles
with their business.
- By 2030,
the European market for electrified vans will triple, promising a
huge opportunity for a brand-new LCV offer, particularly addressing
booming e-commerce and rental businesses.
- Renault
Group, Volvo Group and CMA CGM are joining forces to pioneer and
lead this new market with an all-new generation of fully electric
vans and associated services.
- The pain
points of the logistics players will be addressed with superior and
safe solutions onboarding the new Software Defined Vehicle platform
and a wide ecosystem of customized solutions.
- Renault
Group and Volvo Group sign binding agreements to launch a new
company where they will initially hold respective 50-50 equity
stakes, are planning to invest EUR 300 million each over the course
of the next three years. CMA CGM signs a non-binding letter of
intent with Renault Group and Volvo Group to join the new company,
investing EUR 120 million through PULSE, its Energy Fund dedicated
to accelerating the decarbonization of transport and logistics
sectors.
- The
creation of the new company is expected early 2024 and remains
subject to the completion of all regulatory approval processes. The
future company is planned to operate under its own corporate
identity and will be based in France.
October 6, 2023, Boulogne-Billancourt
(France) – Renault Group and Volvo Group join forces to
address the growing needs of decarbonized and efficient logistics
by creating a new company managing the development of an all-new
generation of electric vans. The two groups look forward to CMA CGM
joining the new company. Renault and Volvo will continue to seek
additional investment and business partners.
An all-new family of fully electric and software
defined vehicles will be introduced by the new company. The
production is planned to start in 2026.
Modularity and safety
The vehicles will be built on a new
fully electric LCV skateboard platform that will
offer high modularity for different body types at
low cost and breakthrough on safety
requirements.
Unrivalled performance and range of services thanks to
high connectivity
Adopting the new Software Defined Vehicle
architecture, the vehicle will onboard unprecedent capabilities to
monitor the delivery activity and user business
performance, reducing by 30% the global
cost of usage for the logistic players. The connected services1
enabled by the software defined vehicle technology will offer to
the customers up to date vehicles all lifelong. The van itself will
offer outstanding compacity for urban mobility, high polyvalence
for tailor made solutions, different battery capacities with
unprecedent 800V feature for vans.
Creation of a market maker: agility of a new company
combined with robust business plan and expertise of three
champions
The new company will be fully independent, combining the agility
of a start-up with the strong backbone of its industry-leading
partners. Renault Group and Volvo Group aim to share investments in
research and development and bring benefit of existing know-how,
services, and industrial footprint to the new planned company. With
smart capital allocations through the champions in each field, the
new company will be based on a solid and efficient business
model.
As a global champion of Light Commercial Vehicle and innovative
leader in electric vehicle, Renault Group will
bring the know how to develop and manufacture at scale the electric
platform that will onboard its first Software Defined Vehicle
architecture, offering unprecedent experience to connect in open
source the vehicle to the logistic business environment.
Volvo Group is a global leader in trucks with a
strong customer base of professional logistic companies, a global
service network, and a wide experience in uptime and productivity
services. Such services will, in combination with the innovative
vehicle platform, contribute to a full solution for decarbonized
urban logistics.
As a global player on all segments of the supply chain,
CMA CGM intends to assist the new company in
building appropriate solutions that can fit all transport and
supply chain player’s needs, based on end-to-end efficient
solutions.
“We are excited to take yet another step in our
journey towards sustainable transport solutions through the
intended establishment of a new company. Volvo Group is keen to
continue to offer its customers complete transport solutions that
help them decarbonize their value chains. We see a growing demand
for clean, efficient, and safe urban transportation and partnership
and collaboration is key to achieve this,” says Martin
Lundstedt, President, and CEO of Volvo Group.
“Electrification and digitalization are paving
the way for a revolution in the LCV market. Renault Group intends
to lead this transformation while ensuring a robust and effective
value creation. Today, we are very proud to embark in this journey
with Volvo Group to bring the best of solutions to our professional
customers. We also look forward to CMA CGM joining the company. The
new company is the start-up minded, unmatched combination of the
complementary assets of 3 champions: a leading truck maker, expert
in tailored services, a champion of the global supply chains, and a
European EV pioneer & LCV leader. All the ingredients are there
to come up with something truly unique,” says Luca de Meo,
CEO of Renault Group.
“As a leader in transport and logistics, the CMA CGM Group is
proud to join forces with a major European carmaker and a leading
global truck maker, Renault Group and Volvo Group, to create this
new company of electric vans. This is a comprehensive and
innovative partnership: not only are we investing in this project,
but we will also bring our know-how and expertise to ensure inbound
and outbound logistics, while some of these vehicles could
ultimately be used to decarbonize our fleet. Through this new
investment by our PULSE Fund in electric mobility, we are pursuing
our commitment to accelerate the decarbonization of our activity
and our sector,” says Rodolphe Saadé, Chairman and CEO of
the CMA CGM Group.
The joint venture is scheduled to start
operations early 2024, depending on the completion of all
regulatory approval processes. The subsequent entry of CMA CGM in
the company is equally subject to the completion of regulatory
approval process.
The future company is planned to operate under
its own corporate identity and will be based in France. Volvo
Group, through its business area Renault Trucks, and Renault Group
have been working together on light commercial vehicles for more
than 35 years, materialized by the distribution in both networks of
the Renault Master and Trafic commercial
vehicles.
Note to editors: Volvo Group and Renault Group will remain
competitors in all other areas.
RENAULT
GROUP PRESS CONTACT |
Rie Yamane+33 6 03 16 35
20rie.yamane@renaut.com |
Christophe Lavauzelle +33 6 09 09 25
44christophe.lavauzelle@renault.com |
RENAULT GROUP INVESTOR RELATIONS |
Philippine de Schonen +33 6 13 45 68 39
philippine.de-schonen@renault.com |
|
VOLVO GROUP PRESS CONTACT |
Claes Eliasson+46 76 553 7229 |
|
CMA CGM CONTACT |
media@cma-cgm.com |
|
About Renault Group Renault
Group is at the forefront of a mobility that is reinventing itself.
Strengthened by its alliance with Nissan and Mitsubishi Motors, and
its unique expertise in electrification, Renault Group comprises 4
complementary brands - Renault, Dacia, Alpine and Mobilize -
offering sustainable and innovative mobility solutions to its
customers. Established in more than 130 countries, the Group has
sold 2.1 million vehicles in 2022. It employs nearly 106,000 people
who embody its Purpose every day, so that mobility brings people
closer.
Ready to pursue challenges both on the road and
in competition, Renault Group is committed to an ambitious
transformation that will generate value. This is centred on the
development of new technologies and services, and a new range of
even more competitive, balanced, and electrified vehicles. In line
with environmental challenges, the Group’s ambition is to achieve
carbon neutrality in Europe by 2040.
More information : renaultgroup.com
About Volvo GroupThe Volvo
Group drives prosperity through transport and infrastructure
solutions, offering trucks, buses, construction equipment, power
solutions for marine and industrial applications, financing and
services that increase our customers’ uptime and productivity.
Founded in 1927, the Volvo Group is committed to shaping the future
landscape of sustainable transport and infrastructure solutions.
The Volvo Group is headquartered in Gothenburg, Sweden, employs
more than 100,000 people and serves customers in almost 190
markets. In 2022, net sales amounted to SEK 473 billion (EUR 45
billion). Volvo shares are listed on Nasdaq Stockholm.
For more information, please visit
volvogroup.comFor frequent updates, follow us on Twitter
@volvogroup
About CMA CGMLed by Rodolphe
Saadé, the CMA CGM Group, a global player in sea, land, air and
logistics solutions, serves more than 420 ports around the world
across 5 continents, with a fleet of around 623 vessels. The Group
transported 21.7 million TEU containers (twenty-foot equivalent
units) in 2022. With its subsidiary CEVA Logistics, a global
logistics player which transported 522,000 tonnes of air cargo and
more than 22 million shipments of inland freight, and its air cargo
division CMA CGM AIR CARGO, the CMA CGM Group is constantly
innovating to provide customers a comprehensive and increasingly
efficient offering, thanks to new shipping, inland, air freight and
logistics solutions. Firmly committed to the energy transition in
shipping and a pioneer in its use of alternative fuels, the CMA CGM
Group has set a Net Zero-Carbon target for 2050. Created in
September 2022, PUSLE, CMA CGM Energy Fund, has a EUR 1.5 billion
budget over 5 years to accelerate the Group’s energy transition
towards this Net Zero target. The Fund aims to invest in the
development and production of alternative fuels, to accelerate the
decarbonization of the Group’s industrial assets, and to support
innovative projects and low-emission mobility solutions. Within a
year, about thirty-five investments have been made in
infrastructure projects, startups, funds and internal initiatives.
Each year, via the CMA CGM Foundation, the Group supports thousands
of children as part of its efforts to promote education for all and
equal opportunities. The CMA CGM Foundation also intervenes in
humanitarian crises requiring an emergency response by calling on
the Group’s shipping and logistics expertise to deliver
humanitarian supplies around the world. Present in 160 countries
through its network of more than 400 offices and 750 warehouses,
the Group employs 155,000 people worldwide, including nearly 4,000
in Marseille where its head office is located.
Follow the CMA CGM Group
on:
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etc
- EN - Press Release - RG VG CMACGM__2023-09__vdef
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