Stellantis, the global automotive giant, is considering selling its ownership stake in a significant electric vehicle battery plant in Canada. This decision is part of a larger strategic shift to scale back its ambitious electric vehicle initiatives, resulting in a €22 billion impact on the company’s plans. Stellantis’ CEO, Antonio Filosa, emphasized the company’s commitment to aligning with customer preferences moving forward.
While the automaker plans to divest its 49% share in the NextStar Energy joint venture in Windsor, Ontario, it remains dedicated to advancing low-emissions technology. Stellantis will retain the hundreds of engineers it employs in Windsor, focusing on electric vehicle and battery research.
The move to maintain its workforce in Canada’s automotive hub follows concerns about the industry’s future, fueled by factors like trade tariffs and evolving EV market dynamics. In 2022, Stellantis announced a substantial investment in its Ontario operations, including the development of a cutting-edge Battery Pack Testing Facility at its Automotive Research and Development Centre (ARDC) in Windsor.
Despite the recent changes, Stellantis continues to offer a variety of powertrains for its vehicles, such as the Windsor-manufactured Dodge Charger available in both traditional gas-powered and electric versions. Furthermore, the company is actively expanding its team, with plans to hire over 20 new positions in sales and marketing across Canada as part of its growth strategy.