Chrysler’s parent company said it’s aiming to make more than €2 billion in revenues by 2030 from a unit focused on the “circular economy,” including expanding a used auto-parts e-commerce website called B-Parts into North America. Its new “SUSTAINera” line will also label parts that have waste savings of up to 80 per cent and energy savings of 50 per cent. (The Logic)
Talking point: The automaker’s push to grow its in-house recycling and refurbishments business comes as it juggles existing joint ventures in the sector like the NextEra plant being built with LG in Windsor, Ont. The South Korean battery giant already has an agreement with Toronto-area battery recycling startup Li-Cycle. Stellantis Senior Vice-President Alison Jones said the automaker’s broader recycling strategy will incorporate those partnerships but “will bring some of those skills so we can learn how to do them in-house,” and will consider battery recycling the “last point,” prioritizing refurbishment and repair. She also said North America, including Canada, is an important market for B-Parts.