Stellantis details ‘circular economy’ business unit to get most use from parts

A new division of the maker of Jeep SUVs and Ram pickup trucks has the mission of ensuring the vehicles and their parts last as long as possible as the industry battles parts constraints and fears of electric-vehicle battery shortages in the future.

Stellantis NV’s “circular economy” business unit is one of seven pillars of the automaker’s Dare Forward business plan announced in March. It forecasts efforts around reusing and recycling parts, including EV batteries, will result in more than $1.9 billion (2 billion euro) in annual revenue at the end of the decade and help it to achieve its net-zero carbon goal by 2038. That’s a quadrupling of extended-life revenues and 10 times the recycling income of 2021.

The Citroën Oli concept is made of fewer and recycled materials.

“Before now, we have had great teams doing great work all around the company, effectively contributing to using our waste and using our scarce resources as smart and as efficiently as possible,” CEO Carlos Tavares said in a recorded video statement. “Across the world, we have been doing the work, but now we are pushing into overdrive at high voltage and the dedicated business unit has a clear plan to both meet our ethical responsibilities for our collective future and to bring financial value to Stellantis.”

In addition to additional revenue and savings on carbon emissions, the operations also may help to deliver vehicles faster in the future, while also shoring up supply chains. They also give customers cheaper, more sustainable options that the company says offer the same quality and warranties. The emphasis is on affecting the designing of new products and the company’s purchasing department, said Alison Jones, Stellantis’ senior vice president of the circular economy business unit.

“In circular economy,” she said, “rather than disposing of items or products when you finished with them or they’re broken, the idea is that you either repair them so that you can extend the life and continue to reuse them, or you pass them or sell them on to somebody else or they go to somebody who can actually break them up and use those materials and reinvest that into a manufacturing process somewhere else.”