Stellantis, the global automotive giant, is considering divesting its share in a major electric vehicle battery plant in Canada. This decision is part of a broader reevaluation of the company’s electric vehicle strategy, resulting in a significant financial setback of 22 billion Euros. Stellantis CEO Antonio Filosa emphasized the company’s commitment to aligning with customer preferences and profitable growth.
Despite the sale of its stake in NextStar Energy, a joint venture with LG Energy Solution to construct a $5 billion battery facility in Windsor, Stellantis remains dedicated to low-emission technologies. The company will retain the hundreds of engineers hired in Windsor for electric vehicle and battery research.
This move is crucial for Canada’s automotive industry, especially amidst uncertainties caused by international tariffs and evolving EV markets. In previous years, Stellantis made substantial investments in Ontario for EV production and research, receiving government support for its initiatives.
Stellantis continues to expand its research capabilities in Windsor, with plans for a cutting-edge Battery Pack Testing Facility. The company’s commitment to innovation extends to maintaining a diverse range of powertrains, including both gas-powered and fully electric versions of vehicles like the Windsor-built Dodge Charger.
Moreover, Stellantis is actively recruiting for various positions in sales and marketing across Canada, signaling a positive trajectory for the company’s operations in the country. Despite recent adjustments, Stellantis remains focused on advancing EV technology and maintaining a strong presence in the automotive industry.