ENXTPA:RNOAuto
Renault Tightens Grip On Electric Vans As Flexis Deal Meets Valuation Gap
Renault (ENXTPA:RNO) plans to acquire full ownership of Flexis, its electric van joint venture with Volvo Group and CMA-CGM.
The deal is set to give Renault full control over development and production of next generation all electric light commercial vehicles.
Flexis is focused on electric vans, an area that sits at the intersection of emissions rules, urban delivery growth and fleet electrification.
For you as an investor, this move sits at the core of Renault’s business in Europe, where...