LG Energy Solution has agreed to acquire Stellantis’s 49 percent stake in NextStar Energy, making it the sole owner of the Canadian battery manufacturing joint venture. Established in 2022, NextStar Energy constructed Canada’s first large-scale battery plant in Windsor, Ontario, with more than CAD 5 billion invested to date. The facility currently employs over 1,300 workers and aims to grow to approximately 2,500 employees as it ramps up to full production.
The decision to consolidate ownership follows a strategic review by LG Energy Solution and Stellantis, who collaborated with NextStar Energy’s leadership to ensure a smooth transition. Under full LG Energy Solution ownership, NextStar Energy will draw on its parent company’s technological expertise and global operational network. This integration is expected to enhance responsiveness to evolving market needs and expand NextStar Energy’s customer base to include energy storage system providers, in addition to automotive clients.
Stellantis will remain an important customer, continuing to source battery cells from the Windsor facility to support its electric vehicle programs. Antonio Filosa, Chief Executive Officer of Stellantis, noted that the move secures a reliable battery supply for the automaker’s electrification roadmap while reinforcing the plant’s long-term viability.
NextStar Energy Chief Executive Officer Danies Lee highlighted the acquisition’s role in strengthening Canada’s position in advanced manufacturing and clean-energy production. The plant anchors domestic battery production, bolsters North America’s supply chain resilience and supports regional industrial competitiveness.
Upon closing, which is subject to customary regulatory approvals, LG Energy Solution’s North American footprint will include four wholly owned sites—three in Michigan and Arizona, plus the Windsor plant—and four joint ventures across the region. As demand grows not only for electric vehicle batteries but also for grid-scale energy storage, LG Energy Solution plans to reallocate production capacity between these segments to maximize existing facilities. The company aims to raise its global energy storage system output to more than 60 gigawatt-hours this year, with over 50 gigawatt-hours produced in North America.
Source: LG Energy Solution press release
