{"id":69829,"date":"2023-10-07T07:57:07","date_gmt":"2023-10-07T11:57:07","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/volvo-and-renault-partner-to-launch-electrified-van-venture\/"},"modified":"2023-10-07T07:57:12","modified_gmt":"2023-10-07T11:57:12","slug":"volvo-and-renault-partner-to-launch-electrified-van-venture","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=69829","title":{"rendered":"Volvo and Renault partner to launch electrified van venture"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
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AB Volvo (OTC:) and Renault <\/span><\/span> (EPA:) Group have announced a joint venture to manufacture electrified vans, each investing \u20ac300 million ($345 million) and holding equal stakes. The venture, based in France, is set to commence operations in early 2024 with the aim of targeting decarbonized logistics. The initiative will be leveraging a fully electric Light Commercial Vehicle (LCV) skateboard platform.<\/p>\n

In addition to AB Volvo and Renault’s investment, CMA CGM Group has expressed plans to contribute \u20ac120 million ($138 million) via the PULSE Energy Fund. The production phase is slated to start in 2026. Despite this collaborative venture, both Volvo and Renault will continue to compete independently in other areas of their businesses.<\/p>\n

On Friday, shares of Volvo were trading at SEK 224.30 ($24.3), while Renault’s shares were priced at \u20ac35.09 ($40.3).<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. AB Volvo (OTC:) and Renault (EPA:) Group have announced a joint venture to manufacture electrified vans, each investing \u20ac300 million ($345 million) and holding equal stakes. The venture, based in France, is set to commence operations in early 2024 with the aim of targeting decarbonized logistics. The initiative will be leveraging a fully […]<\/p>\n","protected":false},"author":1,"featured_media":69830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-69829","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nVolvo and Renault partner to launch electrified van venture | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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