New Direction for the Partnership Between Stellantis and Orano in Battery Recycling

PARIS--(BUSINESS WIRE)--Regulatory News:

Stellantis and Orano will not finalize the intended joint venture for recycling end-of-life electric vehicle batteries and scrap, per the non-binding memorandum of understanding announced by the two parties in October of 2023.

The two entities are thankful for the collaborative relationship developed over time and are exploring other potential commercial relationships considering the quality of Orano’s recycling process.

About Orano

As a recognized international operator in the field of nuclear materials, Orano delivers solutions to address present and future global energy and health challenges. Its expertise and mastery of cutting-edge technologies enable Orano to offer its customers high value-added products and services throughout the entire fuel cycle. Every day, the Orano group’s 17,500 employees draw on their skills, unwavering dedication to safety and constant quest for innovation, with the commitment to develop know-how in the transformation and control of nuclear materials, for the climate and for a healthy and resource-efficient world, now and tomorrow.

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