According to foreign media reports, automobile manufacturer Stellantis and French nuclear fuel company Orano said on September 25 that the two companies have abandoned plans to establish an electric vehicle battery recycling joint venture.
The two companies signed a memorandum of understanding last year.
The originally planned joint venture will help recycle used electric vehicle batteries and waste from Stellantis plants in Europe and North America, and production is expected to begin in early 2026.
, Stellantis said at the time that Orano’s technology can recycle all materials used in lithium-ion batteries, with a metal recovery rate of more than 90%, and can be used to make new cathode materials.
Image source: Stellantis, the two companies said: “Stellantis and Orano will not finalize a joint venture plan to recycle scrapped electric vehicle batteries and waste.
” The two companies added that they are exploring other potential business relationships.
, The cooperation between the two parties would have enabled Stellantis, the parent company of brands such as Peugeot, Fiat and Jeep, to obtain more cobalt, nickel and lithium needed for electrification and energy transformation.
, As a recognized international operator in the nuclear materials field, Orano provides solutions to meet current and future global energy and health challenges.
With its expertise and mastery of cutting-edge technology, Orano is able to provide customers with high value-added products and services throughout the fuel cycle.
Every day, Orano Group’s 17,500 employees use their skills, firm commitment to safety and unremitting pursuit of innovation to develop expertise in nuclear material conversion and control for a climate, health and resource-saving world.
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