Will Orano and XTC new energy make EV batteries?
Regulatory News: Today, in Paris, 18 months after the announcement of the partnership between the French group Orano and the Chinese group XTC New Energy, a further step forward has been taken on the project with the creation of two joint ventures for the production of EV battery components (CAM and PCAM).
Why should France invest in a battery plant in 2026?
The deployment of these plants by 2026, which represents an investment of €1.5 billion, will contribute to the development in France of a value chain for the production and recycling of batteries for electric vehicles, as well as to French autonomy in the supply of strategic materials.
Will Orano recycle electric vehicle batteries?
At the same time, Orano is continuing to examine and study its project for a plant to recycle materials contained in electric vehicle batteries in order to reuse them in new components. Works on the future recycling plant, which would be located on the same industrial site in Dunkirk, are planned to commence in around 2027.
How many factories are there in lithium-ion batteries?
With 30 years of experience in R&D, production and engineering in the field of cathode materials for lithium-ion batteries, the group has 2 R&D centers, 8 production sites, and 9 branches and subsidiaries with nearly 5,000 employees worldwide.
Can Orano & XTC new energy contribute to France's new industrial sector?
Philippe Knoche, Chief Executive Officer of Orano: "We are proud of these agreements, which see Orano and XTC New Energy combine their strengths and know-how to contribute to the development of a new industrial sector in France.
Who is XTC new energy?
XTC New Energy is the first company in China to export NMC (nickel, manganese, cobalt) materials for batteries to Japan. The group's ambition is to grow its international competitiveness in the new energy materials industry by providing advanced solutions contributing to the objective of carbon neutrality.
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