Stellantis Selling Stake in Windsor Battery Plant as It Takes $35B Hit From EV Shift
Aerial view of the NextStar Energy EV battery plant in Windsor, Ont., in April 2025. Handout NextStar Energy2/6/2026|Updated: 2/6/2026Carmaker 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 be completed for the nominal amount of $100.Noé Chartier is a senior reporter with the Canadian edition of The Epoch Times. Twitter: @NChartierETAuthor’s Selected Articles
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