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Stellantis announces ‘Circular Economy’ business to drive revenue, decarbonization

Stellantis has already announced its plans to reach net-zero carbon emissions by 2038. Today, the automaker has announced a new business unit to help it reach that goal while generating 2 billion euros per year in revenue by 2030. The “Circular Economy” business will help make revenue less dependent on finite, rare and ecologically problematic materials. The Circular Economy model features what Stellantis calls a “4R” strategy, comprising remanufacturing, repair, reuse and recycling. The goal is to make materials last as long as they can, reducing reliance on the acquisition of those precious new materials in the future by returning them to the business loop when theyÂ’ve reached the end of their first life. Through these processes, Stellantis says it can save up to 80% raw material and 50% energy compared to manufacturing a new part. Remanufacturing, or “reman” in Stellantis shorthand, means dismantling, cleaning and rebuilding parts to OEM spec. Nearly 12,000 remanufactured parts are available for customers to purchase. Some remanufacturing is done in-house, and some with partners and through joint ventures. Repair is pretty obvious — fixing parts to put back into vehicles. This also consists of reconditioning, to make a vehicle feel like new. Stellantis boasts 21 “e-repair” centers for repairing electric vehicle batteries.  Reuse refers to parts still in good condition from end-of-life vehicles sold as-is. Stellantis says it has 4.5 million multi-brand parts in inventory. These are sold in 155 countries through the B-Parts e-commerce platform. Reuse also refers second-life options, such as using batteries outside of automotive purposes. Recycling involves dismantling parts and scraps back into raw material form that is then looped back into the manufacturing process. Stellantis says it has collected 1 million parts for recycling in the past six months. Recycling doesnÂ’t get counted in that aforementioned 2 billion euros of revenue, but it does save the company money on acquisition of raw materials. As for batteries, specifically, Stellantis expects this recycling business to ramp up after 2030, when the packs currently in service begin to reach the end of their lifecycle. Stellantis will use its new “SUSTAINera” label to denote parts that are offered as part of its Circular Economy business.

Lancia steps off the chopping block, promises three new cars

Stellantis has canceled Lancia's death sentence and granted it a new lease on life. The storied Italian brand announced its own salvation and pledged to launch three new cars (its first since 2011) starting in 2024, including one that will resurrect a well-known nameplate. "Today is an important day. Lancia is ready for Europe, and we have taken the first step towards becoming a credible and respected brand in the premium segment," affirmed company CEO Luca Napolitano. He also presented a 10-year plan that he calls the brand's renaissance. As of writing, the only car in the Lancia portfolio is the Ypsilon (pictured). The model offensive will begin in 2024, when the little four-door hatchback (which remains stunningly popular in Italy in spite of its age) will finally get a replacement. Details about the next-generation model remain few and far between, but it will stretch about 157 inches long and it will be offered exclusively with an electric powertrain. The next Ypsilon will be joined by what Lancia calls a flagship in 2026. The model will measure 181 inches long, meaning it will be a couple of inches shorter than the current-generation BMW X3. It's too early to tell whether it will take the form of a sedan or an SUV. Lancia has never sold an SUV, and it has historically built big luxury sedans, but even European buyers prefer high-riding models in this segment. Finally, the third part of Lancia's renaissance is a long-rumored new Delta. It will stretch around 173 inches from bumper to bumper (so it will be about four inches longer than a Volkswagen Golf) and it will be characterized by what the firm describes as "a sculpted, muscular design with geometric lines that will appeal to enthusiasts." It sounds like Lancia designers will try to echo the original Delta, which was released in 1979 as a family-friendly hatchback and later morphed into one of the most successful World Rally Championship cars of all time. Some of Lancia's future models will be electrified, and the brand will go electric-only by 2028. And, we're told that every future member of the range will feature an interior with a typically Italian design, though photos of the upcoming Lancia models haven't been released yet. While it sounds like Lancia is saved, at least for the time being, several points remain in the air.

Stellantis and LG launch joint venture for North American battery plant

Stellantis has struck a preliminary deal with battery maker LG Energy Solution (LGES) to produce battery cells and modules for North America, as the world's No. 4 automaker rolls out its 30 billion euro ($35 billion) electrification plan. Global automakers are investing billions of euros to accelerate a transition to low-emission mobility and prepare for a progressive phase-out of internal combustion engines. Stellantis and LGES's joint venture will produce battery cells and modules at a new facility with an annual capacity of 40 gigawatt hours (GWh), the two firms said on Monday. No financial details of the deal were provided. The plant is scheduled to start production by the first quarter of 2024, with groundbreaking expected in the second quarter of 2022, the companies said in their statement. Its location is under review and will be announced later. Stellantis, formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, has said it wants to secure more than 130 GWh of global battery capacity by 2025 and more than 260 GWh by 2030. The batteries produced under the deal will supply Stellantis' U.S., Canadian and Mexican assembly plants for installation in hybrid and fully electric vehicles, supporting its goal of e-vehicles making up more than 40% of its U.S. sales by 2030. The company, whose brands include Peugeot, Fiat, Opel and U.S. best-sellers Jeep and Ram, earlier this year announced it would invest more than 30 billion euros through 2025 on electrifying its vehicle lineup. Stellantis has said it would build three battery plants in Europe and two in North America, including at least one in the United States. Intesa Sanpaolo analyst Monica Bosio said the deal was positive, and a further step ahead in Stellantis' electrification process. It comes weeks after Stellantis and its partner TotalEnergies agreed to open up their battery cell joint venture ACC to Daimler, to expand their European sourcing of battery cells. Stellantis is also targeting more than 70% of sales in Europe to be of low-emission vehicles by 2030, and aims to make the total cost of owning an EV equal to that of a gasoline-powered model by 2026. Related video: Green Plants/Manufacturing Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall Electric Hybrid EV batteries LG