Saturday, July 27, 2024

Stellantis Launches Circular Economy Hub in Turin for EV Component Recycling

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Stellantis has inaugurated the ‘Sustainera Circular Economy Hub’ at its Mirafiori plant in Turin, a significant investment totaling €40 million. The 73,000 m² facility is dedicated to the remanufacturing of electric vehicle (EV) components, including motors, gearboxes, and high-voltage batteries, as well as vehicle overhaul and dismantling.

As part of Stellantis’ broader sustainability initiatives, the Circular Economy Hub is positioned for expansion, with the current workforce of 170 employees projected to reach approximately 550 by 2025. The primary focus of the facility is to extend the lifespan of vehicle components and contribute to the circular economy within the automotive sector.

See also: CATL and Stellantis Forge Partnership for LFP Battery Gigafactory in Europe

The facility’s activities include remanufacturing used or defective components to original OEM specifications, handling worn parts (cores) for remanufacturing and recycling, reconditioning electric vehicles for resale, and dismantling end-of-life vehicles to generate resources for remanufacturing, reuse, or recycling.

Carlos Tavares, Stellantis CEO, describes the Circular Economy Hub as a strategic initiative to establish a high-performing center of excellence in Europe for the recovery and sustainable reuse of materials. Chairman John Elkann underscores the company’s commitment to Italy and the automotive industry’s evolution, aligning with Stellantis’ dedication to fostering sustainable practices.

See also: GM and Stellantis Invest in Niron Magnetics to Develop Rare Earth-Free Electric Vehicle Magnets

This initiative is in line with broader trends in the automotive industry, coinciding with the European Union’s recent formulation of raw material requirements for vehicle manufacturers. Stellantis, in this context, sets more ambitious recycling targets at its Turin facility compared to the EU guidelines.

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