Stellantis selling stake in Ontario battery plant as part of wider EV reset!
By Ian Bickis, The Canadian Press
Automaker Stellantis is selling its 49 per cent stake in an Ontario battery plant to its joint venture partner LG Energy Solution for a nominal US$100, as the automaker moves ahead with a broader reset of its electric vehicle strategy.
The deal will see LG take full ownership of the $5 billion NextStar Energy plant in Windsor, a move that the provincial and federal governments that have financially backed the project said was likely good news.
The move came as Stellantis took a roughly $36 billion (22.2 billion euro) charge related to electric vehicle investments.
https://toronto.citynews.c...
By Ian Bickis, The Canadian Press
Automaker Stellantis is selling its 49 per cent stake in an Ontario battery plant to its joint venture partner LG Energy Solution for a nominal US$100, as the automaker moves ahead with a broader reset of its electric vehicle strategy.
The deal will see LG take full ownership of the $5 billion NextStar Energy plant in Windsor, a move that the provincial and federal governments that have financially backed the project said was likely good news.
The move came as Stellantis took a roughly $36 billion (22.2 billion euro) charge related to electric vehicle investments.
https://toronto.citynews.c...
Stellantis selling stake in battery plant joint venture in Ontario
Automaker Stellantis is selling its stake in its joint venture battery manufacturing plant in Ontario to its partner, LG Energy Solution.
https://toronto.citynews.ca/2026/02/06/stellantis-selling-stake-in-battery-plant-joint-venture-in-ontario-to-partner
06:20 AM - Feb 07, 2026
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