LG Energy Solution to buy Canada JV stake from Stellantis

Core Viewpoint - LG Energy Solution plans to acquire the 49% stake held by Stellantis in their battery joint venture in Canada for a nominal amount of $100 [1] Company Summary - LG Energy Solution is actively expanding its ownership in the battery sector by purchasing Stellantis's stake in the joint venture [1] - The acquisition reflects LG Energy Solution's strategic move to strengthen its position in the North American battery market [1] Industry Summary - The transaction highlights ongoing consolidation trends within the battery manufacturing industry, particularly among major automotive and energy companies [1] - The nominal purchase price indicates a potential shift in the valuation dynamics of joint ventures in the battery sector [1]