- Stellantis NV STLA has set present a plan for its circular economy business unit to achieve a turnover of more than 2 billion euros by 2030.
- The Circular Economy division is one of the seven value-added business units announced in the Dare Forward 2030 plan.
- It works on the basis of the 4R strategy – remanufacture, repair, reuse and recycle to achieve net zero carbon by 2038.
- The main goals of the division are to extend the lifespan of vehicles and parts and to reintroduce material and end-of-life vehicles into the production cycle for new vehicles and products.
- The dedicated circular economy hub, which will open in Italy in 2023, will enable the expansion of Stellantis’ current operations and support its cradle-to-cradle business model in Europe.
- also read: Stellantis, Ferrari Italy Unions demand pay rise amid surge in inflation
- The hub will host vehicle overhaul, vehicle disassembly and parts remanufacturing activities with the aim of further expanding globally.
- The entity also introduced its new SUSTAINera label for parts and accessories, indicating savings of up to 80% in materials and 50% in energy compared to equivalent new parts.
- “The SUSTAINera label represents our promise to provide our customers with sustainable, transparent and affordable products and services for our customers for all vehicle brands, without compromising on quality, while caring for the environment through less waste and less use of our planet’s resources gentle,” said Alison Jones , Stellantis SVP, Circular Economy Division.
- See also: A cardboard car? French car manufacturer Citreon presents a new concept
- Price promotion: STLA shares are trading up 0.80% at $11.95 on the latest check Tuesday.
- Photo via company
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