Stellantis will form a joint venture with the recycling company Galloo to manage reuse, remanufacturing and recycling of "end of life” vehicles, the automaker said.
The two companies said Monday they had signed a memorandum of understanding to set up the venture, expected to be launched late this year. It will focus on Belgium, France and Luxembourg, and then expand across Europe.
Customers could drop off their vehicles to a dismantling center -- a so-called "take back” service -- and parts would either be resold, refurbished or recycled, said Alison Jones, senior vice president global circular economy at Stellantis.
One of the centers will be at the Mirafiori factory site in Turin, Italy, although Jones said a date for the start of the service in Italy has not yet been determined.
Stellantis said last autumn that it would increase the recycled material content in its vehicles, as well as seek to respond to growing demand -- and prices -- for recycled materials.