Stellantis is selling its 49% stake in the NextStar Energy battery plant in Canada, contributing to a €22 billion loss due to a reevaluation of its electric vehicle plans. CEO Antonio Filosa emphasized a shift to prioritize customer preferences and announced that the company will retain hundreds of engineers in Windsor for EV and battery research. Despite the setback, Stellantis continues to invest in low-emission technology, including a new battery testing facility. The company is also expanding hiring in sales and marketing across Canada.
