LG Energy Solution to acquire Stellantis stake in Canadian battery joint venture

LG Energy Solution announced Friday it will buy the Stellantis stake in their Canadian battery venture for $100. The move gives the firm full project control.

洞察:
LG Energy Solution announced on February 6, 2026, that it will purchase the entire stake held by Stellantis N.V. in their Canada CACA battery joint venture for a nominal consideration of $100. This transaction will result in the transfer of the equity holding to the South Korea KRKR-based company, effectively changing the ownership structure of the venture.
LG Energy Solution's logo is shown on a smartphone in front of the company's website in this illustration taken on December 4, 2021. REUTERS/Dado Ruvic/Illustration
LG Energy Solution's logo is shown on a smartphone in front of the company's website in this illustration taken on December 4, 2021. REUTERS/Dado Ruvic/Illustration
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