Volvo, Renault and CMA CGM Collaborate to Produce Electric Vans
2023年10月6日 - 4:55PM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Volvo, Renault and CMA CGM are joining forces to
produce a new generation of electric vans, pooling their efforts to
decarbonize the transport and logistics sector and address booming
e-commerce and rental businesses.
Swedish truck maker Volvo and French auto group Renault will
launch a new company, with each investing 300 million euros ($316.5
million) over the next three years for an equal 50% share, they
said Friday.
Shipping and logistics firm CMA CGM also plans to join the new
company, investing EUR120 million, while Volvo and Renault will
also continue to seek additional investment and business
partners.
The vehicles will be built on a new fully-electric platform that
will offer different body options and will adopt new connected
software allowing delivery activity and user business performance
to be monitored, the companies said in a joint statement.
Creation of the new company is expected in early 2024, subject
to regulatory approval, with production of a new family of
fully-electric and software-defined vehicles expected to start in
2026.
"We see a growing demand for clean, efficient, and safe urban
transportation. Partnership and collaboration are key to achieve
this," Volvo Chief Executive Martin Lundstedt said.
The future company is planned to operate under its own corporate
identity and will be based in France.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
October 06, 2023 03:40 ET (07:40 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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