In 2023, the Circular Economy business unit of Stellantis saw its global sales rise by 18 percent in 2023, year-on-year. Stellantis’ Circular Economy business is based on the 4R strategy – Reman, Repair, Reuse, Recycle. Across the 4Rs, Stellantis’ overall sustainable parts portfolio now covers 15.2 percent of customers aftersales needs.
Stellantis’ Circular Economy business is expanding worldwide. In November 2023, Stellantis inaugurated the first SUSTAINera Circular Economy Hub in Mirafiori plant complex (Turin, Italy), which handles the remanufacturing of engines, gearboxes, and high-voltage EV batteries, as well as vehicle reconditioning and dismantling, creating a center of excellence aimed at industrializing the recovery and sustainable reuse of parts and materials.
In Europe in 2023, Stellantis created SUSTAINera VALORAUTO SAS, a joint venture with Galloo, to offer individuals and professionals a comprehensive solution for the take-back and recycling of end-of-life vehicles and launched the online service early January 2024.
Stellantis also signed a Memorandum of Understanding with Orano, for a future joint venture for the recycling of electric vehicle batteries in Europe and North America.
Recycling activities: Stellantis collected for recycling 2 million auto parts in 2023, with an 84 percent parts recycling recovery increase. In Enlarged Europe and North America, Stellantis has begun recycling aluminum from alloy wheels.
2024: pursue and speed up growth
In 2024, Stellantis’ Circular Economy business unit intends to boost the growth momentum seen in 2023. This growth is supported by extending the range of sustainable parts offer (remanufactured, repaired, reused, and recycled) to satisfy an even wider range of customer needs.
As part of a global approach, Stellantis will also increase its use of eco-packaging – recycled, recyclable, reusable – introduced in 2023, by making it the norm for all its suppliers in Enlarged Europe, ahead of the 2030 European standards. This policy is also gradually being rolled out in other Regions of the world.
Circular Economy business unit growth and expansion plans are on track to achieve more than 2 billion euros in revenues by 2030 as part of the Stellantis’ Dare Forward 2030 strategic plan and play a key role in the Company’s decarbonization target of reaching carbon net zero by 2038.
Stellantis is one of the world’s leading automakers, best known for its portfolio of brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys.
