The ownership shift is an equally concurred, tactical choice by the joint endeavor’s 2 investors, LG Energy Service and Stellantis. The choice was notified by comprehensive engagement with NextStar Energy’s management group to guarantee a smooth shift and enhance the business’s long-lasting development and financial investment outlook.
Under the brand-new ownership structure, NextStar Energy will take advantage of LG Energy Service’s technological management and international functional knowledge to much better serve a more comprehensive consumer base, consisting of the Energy Storage System (ESS) market, and react with higher dexterity to market conditions and need to pursue future development chances.
Stellantis stays a dedicated consumer and will continue to source battery items from NextStar Energy.
NextStar Energy will continue to play a critical function in reinforcing Canada’s and The United States and Canada’s battery production community by onshoring crucial abilities that fulfill the developing requirements of the vehicle production sector and other tactical markets.
The closing of this deal goes through approvals and other conditions.
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— David Kim, President of LG Energy Service
” By allowing LG Energy Service to completely take advantage of the Windsor center’s capability, we are reinforcing its long-lasting practicality while protecting the battery supply for our electrical lorries. This is a clever, tactical action that supports our consumers, our Canadian operations, and our international electrification roadmap.”
— Antonio Filosa, President of Stellantis
— Danies Lee, President of NextStar Energy
LG Energy Service’s North American Operations
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- Ownership shift shows an equally concurred, tactical choice by LG Energy Service and Stellantis, carried out in assessment with NextStar Energy.
- Stellantis to offer its 49 percent equity stake in NextStar Energy to its starting joint endeavor partner, LG Energy Service.
- More than $ 5 billion CAD purchased NextStar Energy to date, strengthening long-lasting development, development, and dedication to premium Canadian tasks at Canada’s initially and just commercial-scale battery production center.
WINDSOR, ON, Feb. 6, 2026/ CNW/ – LG Energy Service, Stellantis, and NextStar Energy today revealed that LG Energy Service will obtain complete ownership of NextStar Energy, with Stellantis offering its 49 percent equity stake to LG Energy Service.
NextStar Energy was developed as a joint endeavor by the 2 business in 2022 to develop Canada’s initially massive battery production center in Windsor, Ontario, and will continue developing a resistant and competitive structure for Canada’s battery future.
NextStar Energy’s center is a foundation of Canada’s advanced production and clean-energy sector, anchoring domestic battery production, reinforcing The United States and Canada’s battery supply chain, and supporting Canada’s long-lasting commercial competitiveness. More than $ 5 billion CAD has actually been purchased the center to date, and it utilizes over 1,300 staff members, with a long-lasting target of 2,500 staff members as it scales to complete production.
” LG Energy Service sees development chances in The United States And Canada by locating an essential production center in Canada Complete ownership of NextStar Energy will allow us to react quickly to the growing need from the ESS market and place us to play an essential function in Canada’s EV market by protecting extra North American-based consumers.”
” This brand-new ownership structure enhances Canada’s position as a leader in battery production. It supplies long-lasting certainty to continue buying our Canadian labor force and our production capability while providing continual financial advantages for Canada and Ontario”
LG Energy Service is the biggest battery business in The United States And Canada with the most varied production footprint, covering numerous consumers, utilize cases, chemistries and formats. Upon the conclusion of this acquisition, the business will run 4 stand-alone centers (LG Energy Service Michigan Holland, LG Energy Service Michigan Lansing, LG Energy Service Arizona, NextStar Energy) and 4 joint endeavor centers in the area.
As the international battery market broadens beyond EV into varied sectors such as ESS, robotics, Urban Aerial Movement and ships, LG Energy Service is tactically rebalancing its portfolio and boosting functional performance. The business is reallocating production capability in between EV and Energy Storage Systems to lessen brand-new financial investments while optimizing the usage of existing assembly line worldwide. This tactical shift intends to increase international ESS production capability to over 60 GWh this year, with more than 50 GWh of this capability focused in The United States and Canada.
LG Energy Service
LG Energy Service (KRX: 373220) is a leading international maker of lithium-ion batteries for electrical lorries, movement, IT, and energy storage systems. With more than thirty years of experience in advanced battery innovation and comprehensive research study and advancement (R&D), the business is the leading battery-related patent holder on the planet with over 90,000 patents. Its robust international network, which covers The United States And Canada, Europe, and Asia, consists of battery production centers developed through joint endeavors with significant car manufacturers. Devoted to developing sustainable battery community, LG Energy Service intends to accomplish carbon neutrality throughout its worth chain by 2050, while embodying the worth of shared development and promoting varied and inclusive business culture. To get more information about LG Energy Service’s concepts and developments, see https://news.lgensol.com
Stellantis
Stellantis N.V. (NYSE: STLA, PARIS: STLAP) is a leading international car manufacturer, devoted to offering its consumers the liberty to pick the method they move, welcoming the most recent innovations and producing worth for all its stakeholders. Its special portfolio of renowned and ingenious brand names consists of Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Vehicles, FIAT, Jeep ®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. For additional information, see www.stellantis.com
NextStar Energy
NextStar Energy is Canada’s initially massive battery production center. Found in Windsor, Ontario, NextStar Energy is devoted to the advancement and development of sustainable and effective energy options, empowering the future of movement. For additional information, see nextstar-energy. com.