Stellantis and Orano announced on Wednesday (September 25) that they have decided to abandon their joint venture project to recycle electric vehicle batteries. The Franco-Italian carmaker and the French nuclear fuel company signed a memorandum of understanding last year to recycle used electric vehicle batteries and waste from Stellantis’ gigafactories in Europe and North America, with production expected to start in early 2026.
In a joint statement, the companies confirmed they would not move forward with the venture but are exploring other potential business opportunities together.
The project was expected to provide Stellantis, the parent company of brands like Peugeot, Fiat, and Jeep, with increased access to critical materials such as cobalt, nickel, and lithium, essential for electrification and the energy transition.
Source www.zonebourse.com
