Renault, Volvo And Shipping Company CMA CGM Join Hands For New Line Of Electric Vans
Portfolio Pulse from Shivani Kumaresan
Renault SA (OTC:RNSDF) (OTC:RNLSY), Volvo (OTC:VLVLY), and CMA CGM are partnering to produce a new generation of fully electric vans. Renault and Volvo have signed binding agreements to launch a new company with 50-50 equity stakes. The companies plan to invest €300 million each over the next three years. CMA CGM Group will join the new company, investing EUR 120 million through PULSE. The new company is expected to start operations in 2024 and start production in 2026.
October 06, 2023 | 10:42 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Renault is partnering with Volvo and CMA CGM to produce electric vans, investing €300 million over the next three years.
The partnership and investment in electric vans could potentially boost Renault's revenues and profitability in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Renault is partnering with Volvo and CMA CGM to produce electric vans, investing €300 million over the next three years.
The partnership and investment in electric vans could potentially boost Renault's revenues and profitability in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Volvo is partnering with Renault and CMA CGM to produce electric vans, investing €300 million over the next three years.
The partnership and investment in electric vans could potentially boost Volvo's revenues and profitability in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100