TROY, Mich. — Stellantis seeks a larger supply base for green components and will lean on supplier innovations to meet its sustainability targets, the head of the automaker's circular economy business unit said here.
"We want to increase our supplier footprint," said Alison Jones, head of global circular economy at Stellantis, during a sustainability summit this week hosted by the Motor & Equipment Manufacturers Association. "We see that as a really good way to collaborate and work and use different expertise."
Jones' comments come as the automaker works to expand what it calls its circular economy business, an enterprise aimed at extending the life of parts and materials as much as possible by returning them to the manufacturing process for new components and vehicles. Stellantis plans to establish regional hubs for reconditioning and parts remanufacturing in the coming years while developing "local loops" for parts manufacturing and reuse.
The global automaker expects to generate more than $2 billion in revenue from the circular economy business in 2030 and reach carbon net-zero status by 2038.
The strategy revolves around what Jones calls the "4R's" — remanufacturing, repair, reuse and recycling — which ensures that parts last as long as possible and are returned into the manufacturing loop, driving down carbon emissions and raw materials consumption.