Stellantis sells stake in Canada’s NextStar Energy to LG Energy Solution

LG Energy Solution has announced it will take full control of Nextstar Energy, a battery joint venture that has created Canada’s first large-scale EV battery factory in Windsor, Ontario. Stellantis is selling its 49% equity stake to LG Energy Solution (LGES), but will remain a major customer for the plant. NextStar Energy was established as a joint venture by the two companies in 2022 to build Canada’s first large-scale battery manufacturing facility. The ownership transition is a mutually agreed, stra ...