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Stellantis and Galloo to form JV for end-of-life vehicle recycling

Stellantis N.V. and leading metals recycler Galloo signed a Memorandum of Understanding to enter into exclusive negotiations to form a joint venture focused on End-of-Life Vehicle (ELV) recycling as part of the automaker’s continued commitment to build its circular economy activities.

The Stellantis-Galloo joint venture will work with selected Authorized Treatment Facilities to collect ELVs from the last owner, enabling the recovering of parts for reuse, remanufacturing, and recycling. The service is expected to launch at the end of 2023 with an initial focus on France, Belgium and Luxembourg, and then expanding across Europe. The joint venture will offer its services to other automakers.

Recycling is an integral part of the Stellantis Circular Economy Business Unit’s 4R strategy: Reman, Repair, Reuse, Recycle. The ELV recycling program will contribute to increasing recycling revenues 10-fold and parts revenues 4-fold by 2030, as compared to 2021, and the target to generate more than €2 billion in revenues in 2030, as outlined in the Stellantis Dare Forward 2030 strategic plan. The ELV recycling program also supports the Stellantis goal of having 40% green materials in new vehicles by 2030.

The transaction is subject to agreement on definitive documentation and customary closing conditions, including regulatory approvals.


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