NINGBO MORE KASI TRADING CO.,LTD

Cma CGM + Renault + Volvo

The three parties will work together to launch a new generation of electric vans to meet increasingly stringent decarbonisation regulations and growing logistics demands.

Climate change is accelerating the transition to electrification across industries, and increasingly stringent decarbonization regulations are changing the logistics ecosystem, which is increasing the demand for electric vehicles. The European electric van market is expected to triple by 2030, which is a huge opportunity.

 

In this context, CMA CGM Group announced on October 6, with Renault Group (Renault Group), Volvo Group (Volvo Group) to jointly explore this new market, the launch of a new generation of all-electric trucks and related services.

 

Specifically, Renault and Volvo have signed a binding agreement to create a joint venture company responsible for the development of a new generation of all-electric vans. For the new company, the two parties will hold 50 percent each and plan to invest 300 million euros each over the next three years. At the same time, CMA CGM has signed a letter of intent with Renault and Volvo to join the new company, investing 120 million euros in the new company through the CMA CMA Energy Transition Fund.

 

The new company is expected to be established in early 2024 and will be headquartered in France.

 

According to reports, the new generation of all-electric vans will be manufactured on the chassis of the all-electric light truck skateboard. This chassis adopts modular assembly method, low cost, good safety, suitable for different types of body types.

 

In addition, a new generation of all-electric vans features a new “Software Defined Vehicle” architecture that monitors transportation activity, reducing costs for businesses by 30 percent. The connectivity enabled by software-defined vehicle technology can also provide customers with lifetime vehicle updates. The battery capacity is an unprecedented 800V.

 

Cma CGM said the new company would operate independently but would leverage the strengths of the three businesses, combining the flexibility of a start-up with the leading expertise of each. Cma CGM will assist the new company in achieving end-to-end, efficient solutions to meet the needs of all supply chain participants.

 

Commenting on the partnership, Rodolphe Saade, Chairman and CEO of CMA CGM, said: “CMA CGM is proud to be partnering with Renault and Volvo to create this new electric truck company. This is a comprehensive and innovative partnership in which we will not only invest in the project, but also offer our expertise in the field of logistics. Some of these new generation all-electric vans will also eventually enter our fleet to meet the need to decarbonize the industry.”

 

Launched in September 2022 with a budget of $1.5 billion over five years, the CMA CGM Energy Fund will be used to invest in the production of new fuels and CMA CMA’s low-carbon solutions in sea, land, air, port and logistics, with the aim of accelerating the energy transition to net zero carbon emissions by 2050.

 

Regarding the establishment of the fund, CMA CGM said: “We have been committed to protecting the environment for many years, which is at the core of CMA CMA’s beliefs and strategy. At a time when climate change is an increasingly serious problem, we have a responsibility to do more and act faster. The new energy fund will allow us to invest more in innovative projects to accelerate the process of decarbonisation.”