The electric van market is heating up with new entries coming soon from Nissan, Mercedes, and even Kia – and now, even more players are getting into the market. A new JV between Volvo Trucks, Renault, and logistics provider CMA CGM promises a “revolutionary” new entry into the increasingly crowded field.
Dubbed Flexis SAS, the new JV will be based in France, and see Renault and Volvo each hold a 45% stake, with CMA CGM taking the remaining 10%, with Renault and Volvo each planning to invest some €300 million each over the course of the next three years. The money will help Flexis to fund the development of an “all new” electric skateboard chassis set to be produced at Renault’s Sandouville plant beginning sometime in 2026.
If the first official Flexis press image (above) is to be believed, that electric skateboard will eventually carry a number of different work bodies. These include a conventional panel van, a “box” van, and a high-roof step-in van similar to the Ford E-Transit, Ram ProMaster, or even Renault’s own mid-sized Trafic van – but Renault Group CEO Luca de Meo says their new vans will be much more advanced.
The Flexis vans will be Software Defined Vehicles (SDVs) built around Google’s Android Auto operating system. “This allows Google to go beyond the screen into the functions of the car,” says de Meo. “This will also allow the vans to be connected to the Google Cloud and allow customers who buy large numbers to integrate their own software into the vehicles.”
And, once they’re ready, they’ll have a waiting customer in the form of Flexis partner, CMA CGM.
“This is a comprehensive and innovative partnership,” offered Rodolphe Saadé, chairman and CEO, CMA CGM Group. “Not only are we investing in this project, but we will also bring our know-how and expertise to ensure inbound and outbound logistics, while some of these vehicles could ultimately be used to decarbonize our fleet.”
CMA CGM has expressed their belief that the European market for electrified vans alone is expected to grow by as much as 40% per year between now and 2030. The logistics provider is putting up €120 million for its stake in Flexis, through its “Pulse” investment fund aimed at fostering the decarbonization of Europe’s logistics.
Electrek’s Take
Volvo EM90 minivan; via Volvo Cars.
As tempting as it is to equate the Flexis van(s) with Volvo’s recently announced EM90 minivan (above), it’s important to note that Flexis is a Volvo Trucks project – which means that it’s unlikely to share many parts (if any) with its similarly-branded, China-backed cousin.
Whether that fact eventually helps or hurts the Flexis project in an increasingly isolationist Western vehicle market remains to be seen.
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Tern’s popular Vektron folding e-bike just got a big upgrade for the US market. The urban mobility brand has announced the launch of the fourth-generation Vektron, now available in two models, including a long-awaited belt-drive option that promises lower maintenance and a cleaner ride.
The Vektron has been a fan favorite for years, appealing to city riders, multi-modal commuters, and travelers who want a premium e-bike that folds quickly and stores easily. The new version retains its fast-folding frame, Bosch mid-drive motor, and compact portability, but introduces key improvements in comfort, ride quality, and drivetrain options – most notably the new Vektron P5i with a Gates Carbon Belt Drive. While the new version came to other markets a few months ago, the US is finally getting a chance to ride the new model.
“The Vektron has been a solid favorite of Tern riders, whether they are multi-modal commuters, urban dwellers in need of an e-bike that stores in minimal space, or campers looking to easily include an e-bike in their travels, ” explained Steve Boyd, General Manager at Tern USA. “This 4th generation introduces several important improvements while retaining its category-leading combination of Bosch mid-drive power, superior ride quality, and incredibly fast and easy folding action. We’ve also added a belt drive model and, through careful component choices, managed to deliver competitive pricing despite cost increases due to tariff pressures.”
Paired with a Shimano Nexus 5 internally geared hub, the Vektron P5i is designed for ultra-low maintenance and daily convenience. For those who prefer a traditional derailleur setup, the Vektron P10 is still available with a 10-speed Shimano Deore drivetrain and a more aggressive geometry.
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But it’s not just the drivetrain that got a refresh. Tern borrowed design elements from its popular GSD and HSD cargo bikes to give the Vektron a more upright and comfort-focused cockpit. Riders get a taller stem, swept-back handlebars, and better weight distribution, offering a more relaxed riding posture ideal for urban cruising.
Despite its compact size, the Vektron delivers big design features. Reinforced frame components, including Tern’s robust OCL+ folding joint, give it a stable and confidence-inspiring ride that the company says sets it apart from other folders on the market.
Folding takes less than 10 seconds, and once compacted, the bike rolls easily on its own wheels – no awkward lifting required. It tucks neatly under a desk or next to a workstation, offering a secure indoor parking solution for city riders wary of bike theft.
Importantly, both new Vektron models are UL 2849 and EN 15194 certified, ensuring the electrical systems meet rigorous safety standards – a welcome reassurance in a market increasingly crowded by low-cost, uncertified imports.
The Vektron P10 will retail for $3,699 USD, while the belt-drive P5i model comes in at $4,099 USD. Both are expected to land in North American bike shops by the end of the year.
Electrek’s Take
Tern definitely deserves its place as one of the leaders in premium folding e-bikes that don’t compromise on ride quality. The addition of a belt-drive model is a major win for commuters and anyone tired of greasy chains and derailleur tune-ups. And in a market where safety certifications are becoming more critical, it’s good to see Tern doubling down on UL compliance. With the new Vektron, it looks like the Goldilocks of folding e-bikes just got even better.
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Burlingame, California-based Peak Energy just scored a huge win for sodium-ion batteries. The company announced a multi-year deal with utility-scale battery storage developer Jupiter Power to supply up to 4.75 GWh of sodium-ion battery systems between 2027 and 2030.
Under the agreement, Peak will deliver 720 MWh of storage in 2027 – the largest single sodium-ion battery deployment announced so far. The deal also includes an option for an additional 4 GWh of capacity through 2030, bringing the total contract value to more than $500 million.
Sodium-ion vs. lithium-ion
Peak Energy says its sodium-ion batteries degrade less over time and have lower operations and maintenance costs than lithium-ion systems. Because the batteries don’t degrade as quickly, operators don’t need to add more capacity later in a project’s life to maintain performance. They also use a fully passive cooling system that eliminates pumps, fans, and other components used in lithium-ion setups, reducing maintenance and safety risks.
The company claims its grid-scale sodium-ion system uses up to 97% less auxiliary power, offers about 30% better cell degradation performance over 20 years, and comes with a lower total cost of ownership.
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Why this deal matters
The agreement marks a significant step forward for the emerging sodium-ion sector, which has been gaining momentum as a safer and lower-cost alternative to lithium-ion for long-duration and grid-scale energy storage. It also underscores the growing effort to build a domestic sodium-ion battery supply chain in the US.
“From day one, we’ve believed sodium-ion will be the winning technology for grid-scale storage, which is essential to meet rising demand from hyperscalers and AI,” said Landon Mossburg, Peak Energy’s CEO and cofounder. “Deploying the world’s largest sodium-ion energy storage system with one of the nation’s top independent power producers proves that sodium is ready for today and will dominate the future.”
Mike Geier, CTO at Jupiter Power, said the company is “excited to support domestic battery energy storage manufacturing as we continue to increase the deployment of firm, dispatchable energy when and where it’s most needed,” and called Peak’s approach to sodium-ion “a potential game changer for the industry.”
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Lexus claims the new ES “takes sedan styling, luxury, and refinement to a higher level” with a complete redesign. With the 2026 ES arriving soon, Lexus offered a closer look at the upgrades inside and out.
The new 2026 Lexus ES debuts in EV and hybrid forms
The eighth-gen ES is bringing more than a sharp new style. Lexus overhauled its flagship sedan from the ground up for the 2026 model year, which will include battery electric (BEV) and hybrid (HEV) powertrain options.
Inspired by the radical LF-ZC show car, the 2026 ES has been fully redesigned with what Lexus calls the “Experience Elegance and Electrified Sedan” concept, aimed at further refining the driving experience.
The new design centers on a redesigned “spindle body” that extends from the hood to the bumper. It also features a redesigned grille, replacing the signature Lexus spindle grille as the brand looks for a new identity in the electric era.
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Inside, the new 2026 ES features the latest version of the Lexus Interface multimedia system. The setup includes a 14″ touchscreen with wireless Apple CarPlay and Android Auto, and a 12.3″ driver display cluster.
The 2026 Lexus ES 350e (Source: Lexus)
Based on the redesigned TNGA GA-K platform, the new ES will be available in battery electric (BEV) and hybrid (HEV) powertrains for the first time.
The 2026 Lexus ES lineup consists of two models: the ES 350e, a front-wheel-drive (FWD) model, and the ES 500e, an all-wheel-drive (AWD) model.
The 2026 Lexus ES 350e interior (Source: Lexus)
Lexus expects the ES 350e to have a driving range of 300 miles when fitted with 19″ wheels, while the ES 500e has an estimated driving range of 250 miles.
Both the ES 350e and 500e feature a built-in NACS port to recharge at Tesla Superchargers. Using DC fast charging, it can recharge from 10% to 80% in about 30 minutes under “ideal conditions,” according to Lexus.
With its debut just around the corner, Lexus offered a closer look at the new 2026 ES inside and out in a new video.
Lexus has yet to announce prices, but the redesigned ES is expected to start at about $45,000 to $50,000, or slightly more than the outgoing model.
After launching the upgraded RZ earlier this month, Lexus said the ES would be next. It’s expected to go on sale in Spring 2026.
What do you think of the redesigned 2026 ES? Do you like the new Lexus design? Let us know your thoughts in the comments below.
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