Renault and Volvo complete creation of joint venture for new generation of electric vans

Following the joint venture binding agreements signed on October 2023, Renault Group and Volvo Group have obtained the required regulatory approvals to officially launch the new company for the next generation of fully electric vans based on a Software Defined Vehicle (SDV) platform and its dedicated services.

The new company will address the growing needs of decarbonized and efficient urban logistics and will be based in France. Renault Group and Volvo Group plan to invest respectively 300 million Euro over the course of the next three years.

The new family of fully electric vans equipped with SDV will be introduced by the new company. The production of the first van is planned to start in 2026.