volvo group

Cespira's strategy focuses on expanding access to high pressure direct injection, or the patented HPDI fuel system technology, by overcoming barriers to its adoption. The system enables internal combustion engines to operate with carbon neutral or fossil free fuels such as bio, e-fuels, or green hyd...

The new company is intended to be a 50/50 joint venture to be headquartered in Gothenburg, Sweden. According to the official statements, the intention is to make the new joint venture a leading developer of standardized hardware and software.

The plant, expected to be operational in 2026, will provide additional capacity to support the growth plans of both Volvo Trucks and Mack Trucks in the U.S. and Canadian markets, and support Mack truck sales in Mexico and Latin America.

Renault and Volvo share 45 percent ownership, with CMA CGM holding the remaining 10 percent. Also announced at the official launch was the new CEO of Flexis, who will be Philippe Divry, while Krishnan Sundararajan will take over as COO. The partners have given themselves two years to define and stre...

Following the joint venture binding agreements signed on October 6th, 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.

The newly-announced joint venture is aimed at accelerating the commercialization and global adoption of Westport's HPDI fuel system technology for long-haul and off-road applications.