LG Energy Solution has announced it will acquire full ownership of NextStar Energy, with Stellantis selling its 49% stake in the battery joint venture. The move marks a significant shift in ownership of Canada’s first large-scale EV battery manufacturing facility, located in Windsor, Ontario.
NextStar Energy was established in 2022 by LG Energy Solution and Stellantis to anchor domestic battery production and strengthen North America’s EV battery supply chain. The ownership transition is a mutually agreed strategic decision aimed at reinforcing the company’s long-term growth, competitiveness, and ability to respond to evolving market demand.
According to the companies, the decision followed extensive engagement with NextStar Energy’s leadership team to ensure a smooth transition and operational continuity.
Under full ownership, LG Energy Solution will leverage its global battery manufacturing expertise and advanced cell technology to expand NextStar Energy’s customer base. In addition to supporting electric vehicle production, the company plans to more actively serve the Energy Storage System (ESS) market, a rapidly growing segment driven by renewable energy integration and grid-scale storage demand.
The new ownership structure is expected to allow NextStar Energy to respond more quickly to market conditions while pursuing additional growth opportunities across North America.
Despite selling its equity stake, Stellantis will remain a committed customer and continue sourcing battery products from the Windsor facility. The arrangement secures long-term battery supply for Stellantis’ electric vehicle programs while supporting the automaker’s broader global electrification roadmap.
The NextStar Energy facility represents one of the largest investments in Canada’s clean-energy manufacturing sector. To date, more than CAD $5 billion has been invested in the project. The plant currently employs over 1,300 workers, with a long-term target of 2,500 employees as production ramps up.
Beyond job creation, the facility plays a critical role in onshoring battery manufacturing capabilities, reducing reliance on overseas supply chains, and enhancing North America’s industrial resilience.
While the transaction remains subject to regulatory approvals and customary closing conditions, the strategic direction is clear. LG Energy Solution is positioning Canada as a key North American battery production hub, while NextStar Energy is set to play an expanded role in both the EV and energy storage markets.
The move underscores growing confidence in Canada’s role within the global battery ecosystem and highlights the accelerating momentum behind regionalized EV supply chains.
