LG Energy Solution will acquire full ownership of NextStar Energy by purchasing Stellantis’ 49 percent equity stake in the company. The decision, made jointly with Stellantis and in consultation with NextStar Energy, supports LG Energy Solution’s strategy to expand its presence in North America and respond to growing demand in the energy storage systems market. The Windsor facility, representing an investment of over $5 billion CAD to date, will continue to play a key role in Canada’s electric vehicle industry and battery manufacturing sector. Upon completion of the transaction, LG Energy Solution will operate four stand-alone facilities and four joint venture facilities in North America. The closing of the transaction remains subject to approvals and other conditions.

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