Stellantis N.V. and Orano, a multinational nuclear fuel cycle company, signed a memorandum of understanding to establish a joint venture for recycling end-of-life electric vehicle batteries and scrap from gigafactories in Enlarged Europe and North America, strengthening Stellantis’ position in the electric-vehicle battery value chain by securing additional access to cobalt, nickel, and lithium necessary for electrification and energy transition.
The joint venture capitalizes on Orano’s innovative, low-carbon technology, which breaks with existing processes, allowing the recovery of all materials from lithium-ion batteries, and the manufacturing of new cathode materials. The joint venture will produce materials also known as “black mass” or “active mass.” This can be refined in Orano’s hydrometallurgical plant to be built in Dunkirk, France, so that the materials could be re-used in batteries, thus closing the loop of a circular economy.
With Orano’s pre-treatment approach and hydrometallurgy technology, the recovery rates of metals can reach levels of more than 90%. It enables OEMs to reach European Commission levels of recycling rate into batteries of electric vehicles and ensure the sustainability of the business model. In a context of increased demand for strategic metals and Europe’s strong dependence on those metals, Orano positions itself as a key player in the integrated value chain, from battery recycling to the production of cathode materials.
As part of Stellantis’ Dare Forward 2030 strategic plan, its Circular Economy Business Unit is pushing to increase recycling revenues by ten times and achieve more than €2 billion in total circular economy revenues by 2030. Stellantis is on track to become a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions.
The new commercial recycling entity will also provide Stellantis’ partners, its after-sales network, and other OEMs with a solution to manage end-of-life batteries and scrap from gigafactories. Production will begin in the first part of 2026, reusing existing Stellantis assets and facilities. Investments to reskill and upskill Stellantis and Orano employees will open sustainable perspectives for people in their new assignments.
The joint venture is subject to agreement on definitive documentation.>