February 6, 2026
Stellantis Selling Stake in Windsor Battery Plant as It Takes $35B Hit From EV Shift
Carmaker Stellantis is selling its stake in a mega battery factory in Windsor, Ont., to its joint venture partner, Korean company LG Energy Solution. The two companies announced plans on Feb. 6 for Stellantis to sell its 49 percent stake in NextStar Energy, the multi-billion dollar project first announced in 2022. The transaction is to [...]
TL;DR
- Stellantis is selling its 49% stake in the NextStar Energy battery factory in Windsor, Ontario.
- The joint venture partner, LG Energy Solution, is acquiring the stake for $100.
- The transaction is a mutually agreed strategic decision to enhance NextStar's capabilities and customer reach.
- Stellantis will remain a customer of batteries produced at the Windsor plant.
- This move aims to strengthen the long-term viability of NextStar and secure battery supply for Stellantis' EVs.
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