# CMA CGM acquires 10% in stake in Volvo-Renault EV joint venture, Renault says
Published: 2024-04-03
Category: Headlines
Category URL: https://blockchaintribune.com/category/headlines/
Meta Title: CMA CGM acquires 10% stake in Volvo-Renault EV venture
Meta Description: Read about how French car manufacturer Renault welcomes CMA CGM into their partnership with Volvo Group for electric vans. Exciting news for the future of eco-f
URL: https://blockchaintribune.com/cma-cgm-acquires-10-in-stake-in-volvo-renault-ev-joint-venture-renault-says/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsvj8y0041wirgw17s2dn1/images/2024-04-03t054737z1lynxnpek3204jrtroptp4ukraine-crisis-shipping-scaled-1736750565255-compressed.webp)

## CMA CGM acquires 10% in stake in Volvo-Renault EV joint venture, Renault says   (Reuters) – French car manufacturer Renault on Wednesday announced that shipping group CMA CGM officially joined Flexis, its partnership with Volvo Group on electric vans.    CMA CGM, through its energy fund, acquired a 10% stake in Flexis and has confirmed its interest for a strategic investment of up to 120 million euros ($129 million) by 2026, Renault said in a statement.    The carmaker also announced the appointment of Philippe Divry as CEO of the new company.    In March, Renault and Volvo obtained regulatory approval to officially launch their joint venture.    ($1 = 0.9280 euros)        (Reporting by Augustin Turpin; Editing by Tom Hogue)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---