Stellantis Media Site Stellantis Circular Economy reported strong growth in 2023 and is on track to increase this trend in 2024                                                 Contact:                                                                                           Irene Stella                                           Stellantis Communications                                                                                 +39 3371060265 (cell)                                                                                  irene.stella@stellantis.com                                                                                                                                   Stellantis Circular Economy reported strong growth in 2023 and is on track to increase this trend in 2024                                            Sales of Stellantis' Circular Economy business unit grew by 18% in 2023. Its 4R strategy experienced strong growth at global level, driven by +14% of Reman Sales and +63% of Reuse Sales. In 2024, Stellantis' Circular Economy business unit is pushing ahead with this growth momentum: expansion of the portfolio of remanufactured parts, launch of the B-Parts reuse parts offer in North America, finalization of the joint venture with Orano for battery recycling. The Circular Economy business unit is a key contributor to Stellantis' Dare Forward 2030 plan.                                                                                                                                                           February 28, 2024,                                                                                                                      Amsterdam                                                       -                                               In 2023, the Circular Economy business unit, one of the seven accretive Business Units highlighted by Stellantis in its Dare Forward 2030 strategic plan, demonstrated once again its dynamism, potential and pivotal role within the Company, especially in its goal to become a net zero carbon corporation by 2038*.Stellantis' Circular Economy business, which is based on the 4R strategy - Reman, Repair, Reuse, Recycle - saw its global sales rise by 18% in 2023, year-on-year. Across the 4Rs, Stellantis' overall sustainable parts portfolio has grown considerably and now covers 15.2% of customers aftersales needs.Stellantis' Circular Economy business is expanding worldwide. In November 2023, Stellantis inaugurated the first SUSTAINera Circular Economy Hub in Mirafiori plant complex (Turin, Italy), which handles the remanufacturing of engines, gearboxes, and high-voltage EV batteries, as well as vehicle reconditioning and dismantling, creating a center of excellence aimed at industrializing the recovery and sustainable reuse of parts and materials.In Europe in 2023, Stellantis created SUSTAINera VALORAUTO SAS, a joint venture with Galloo, to offer individuals and professionals a comprehensive solution for the take-back and recycling of end-of-life vehicles and launched the online service early January 2024 (www.valorauto.com). Stellantis also signed a Memorandum of Understanding with Orano, for a future joint venture for the recycling of electric vehicle batteries in Europe and North America. In Brazil, SUSTAINera won the Automotive Business Award 2023 in the ESG Category. This award honors innovative forward-thinking companies that make a positive impact on the automotive and mobility sector.Remanufacturing at the heart of Stellantis' Circular Economy successRemanufacturing is the principal pillar in Stellantis’ 4R strategy in Circular Economy. With sales up by 14% in 2023, the SUSTAINera label once again proved its ability to meet the growing demand for sustainable and affordable automotive parts.In 2023, SUSTAINera expanded its range of remanufactured parts to 38 product lines, thanks to the introduction of the first remanufactured windshield video camera, developed in partnership with Valeo, and becoming a trailblazer in the remanufactured ADAS product line. In addition, SUSTAINera has extended its offering of remanufactured SCR tanks (Selective Catalytic Reduction tanks) in Europe with 17 additional part numbers fitting many models of the of the Stellantis’ brand portfolio that comply with Euro 6.1/6.2 standards.In North America, SUSTAINera broadened its range of remanufactured transmissions, expanded to Model Year 21 and HEMI engines, covering the Model Years 2017 up to 2020 and in parallel improved their ability to meet customer demands by developing improved core sourcing opportunities.Cores return (used parts) is fundamental for the remanufacturing business. To manage it from our dealer network optimizing the logistic flow, in 2023, Stellantis launched "Back in the Box", the new standard IT integrated system for Enlarged Europe and worldwide development and roll out is planned in the coming months.Repair, Reuse, Recycle: an exceptional dynamicThe strategic remanufacturing business wasn’t the only success story in 2023. The sales of used multi-brand original parts driven by the exclusive B-Parts platform used by private customers and the Stellantis network, through the e-commerce portal (www.b-parts.com) shot up by 63% last year, versus 2022, and now cover 160 countries worldwide. B-Parts now has a stock of 7 million used car parts, a European record sourced from certified dismantler centers, reflecting a 31% increase compared to 2022. The Repair business on spare parts has expanded thanks to the range extension of electronics repair. Regarding High Voltage Batteries there are now 24 E-Repair Centers located in Enlarged Europe, Israel, Japan, and South Korea. Recycling activities: Stellantis collected for recycling 2 million auto parts in 2023, with an 84% parts recycling recovery increase. In Enlarged Europe and North America, Stellantis has begun recycling aluminum from alloy wheels.2024: pursue and speed up growthIn 2024, Stellantis' Circular Economy business unit intends to boost the growth momentum seen in 2023. This growth is supported by extending the range of sustainable parts offer (remanufactured, repaired, reused, and recycled) to satisfy an even wider range of customer needs. A dedicated website (www.sustainera.com) has been launched to enhance the SUSTAINera product offer and initiatives awareness.  As part of a global approach, Stellantis will also increase its use of eco-packaging – recycled, recyclable, reusable – introduced in 2023, by making it the norm for all its suppliers in Enlarged Europe, ahead of the 2030 European standards. This policy is also gradually being rolled out in other Regions of the world. In 2024, Reman will remain a key pillar of Stellantis' Circular Economy business. In Enlarged Europe and North America, new remanufactured parts will be introduced to the portfolio also including a multi-brand remanufactured offer enabling us to provide an affordable solution to a wider customer base. After consolidating its position in the European market, B-Parts will continue its international expansion and will start its operations in the United States by the end of March, marking a strategic move towards becoming a prominent global player, thus enhancing the SUSTAINera Reuse business.2024 is expected to finalize the joint venture with Orano, strengthening Stellantis’ position in the electric vehicle battery value chain by securing additional access to cobalt, nickel, and lithium necessary for electrification and energy transition. Circular Economy business unit growth and expansion plans are on track to achieve more than €2 billion in revenues by 2030 as part of the Stellantis’ Dare Forward 2030 strategic plan and play a key role in the Company’s decarbonization target of reaching carbon net zero by 2038*.*With single-digit percentage compensation of the remaining emissions.                          StellantisStellantis N.V. (NYSE: STLA/ Euronext Milan: STLAM/ Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, while creating added value for all stakeholders. For more information, visit www.stellantis.com.