Industry
LG Energy Solution to buy 49 percent stake in Canada JV Nextstar Energy
LG Energy Solution said on Thursday it will acquire Stellantis\' 49 percent stake in its Canadian joint venture Nextstar Energy, taking full ownership of the facility. The plant has produced batteries for energy storage systems since November. The company plans to double North American production capacity this year and more than triple sales. It will also receive Canadian investment subsidies and U.S.-equivalent production subsidies on its own.
