What is NextStar Energy and why did Stellantis sell its stake?

NextStar Energy is a Windsor, Ontario battery plant originally set up by Stellantis and LG Energy Solution. Stellantis sold its 49% stake for $100 to let LG take full control of operations and future capex. Stellantis keeps supply access while reducing balance sheet risk during a broader EV reset.

How does the Stellantis stake sale affect German investors?

It spotlights execution risk in EV programs and potential for more impairments. German portfolios should reassess exposure to EV-only plays and favor cash-generative names, hybrids, and storage-linked businesses. The move may shift sentiment across European autos, suppliers, and battery-adjacent sectors sensitive to volumes and pricing.

What is the EV writedown and will it hit dividends?

Management signaled a multi‑billion EV writedown tied to program updates and capacity changes. If largely non-cash and paired with cost control, dividends could prove resilient. If it reflects sustained weak unit economics, payout risk rises. We need final guidance on free cash flow and 2026 capital plans to judge.

What should investors watch next after this news?

Focus on the writedown’s size, free cash flow targets, and 2026-2027 capex. Track LG Energy Solution’s capacity mix at NextStar Energy and storage order trends. In Europe, monitor incentives, energy costs, and pricing. Clear volume contracts and stable deliveries will be the key supports for the equity case.

Global Market Insights

Stellantis Stock Today: $100 Battery JV Exit Triggers 25% Rout – February 08

ByHuzaifa Zahoor February 8, 2026February 8, 2026

The Stellantis stake sale is front and center today after the automaker sold its 49% of NextStar Energy to LG Energy Solution for $100, roughly €92. Shares fell about 25% on February 8 as management pushes a broad EV reset and a multi‑billion charge. For German investors, this affects an Opel parent with deep EU ties and raises questions on battery sourcing, cash discipline, and margin plans. We break down what changed, why it matters, and how to position.