Overview

• Stellantis and Orano have signed a memorandum of understanding to establish a joint venture for recycling end-of-life electric vehicle (EV) batteries, securing additional access to cobalt, nickel, and lithium necessary for EVs.
• The recycling process will utilize Orano's low-carbon technology, which deviates from existing processes and allows for the recovery of all materials from lithium-ion batteries.
• The joint venture will manufacture 'black mass' or 'active mass' which can be refined in Orano's new hydrometallurgical plant to be built in Dunkirk, France, enabling the materials to be reused in batteries.
• With recovery rates of metals exceeding 90%, this innovative process aids in the transition to a circular and low-carbon economy and strengthens Stellantis' position in the competitive EV market.
• Production is scheduled to commence in the first half of 2026, utilizing existing Stellantis facilities, with investments also planned for reskilling and upskilling Stellantis and Orano personnel.