LG Energy Solution takes full control of NextStar Energy

LG Energy Solution will become the sole owner of NextStar Energy after automotive group Stellantis decided to divest its 49 percent stake in the Canadian battery manufacturer. The acquisition is part of a mutual strategic decision by the two former joint venture partners and is still subject to regulatory approvals. NextStar Energy was founded in 2022 as a joint venture between LG Energy Solution and Stellantis to build Canada's first commercial large-scale battery production facility in Windsor, Ontario