NextStar Energy

What NextStar Energy does

NextStar Energy Inc. is a Canadian battery manufacturer that designs, produces and sells lithium-ion battery cells, modules and packs for the electric vehicle and energy storage system (ESS) markets. All manufacturing occurs at a single 4.23 million square foot facility in Windsor, Ontario, with nameplate capacity of 49.5 GWh per year and dual-chemistry (LFP for ESS, NMC for EV) capability. The company holds IATF 16949, ISO 14001 and ISO 45001 certifications, supports automated multi-stage quality verification, and as of 2026 operates the only commercial-scale battery plant in Canada.

NextStar's business model is a direct B2B hardware sales operation: the company negotiates long-term supply contracts with automotive OEMs and ESS integrators rather than selling through resellers, with no publicly disclosed pricing. Mass production of cells began November 2025 and the company reached the one-millionth cell milestone by February 2026; a battery pack manufacturing line was added in June 2026 to complete cell-to-module-to-pack vertical integration. The 2024 Windsor facility revenue was KRW 362.4 billion (~US$268M), up 22.4% year-over-year, with operating profit up roughly fivefold.

The company was founded in March 2022 as a joint venture between LG Energy Solution and Stellantis, with over C$5 billion invested by the partners and up to C$16 billion in pledged federal and provincial government subsidies. In February 2026 LG Energy Solution acquired Stellantis' 49% equity stake for US$100, making NextStar a wholly-owned subsidiary of LG Energy Solution and positioning the Windsor facility as LG's strategic North American manufacturing hub for both EV and ESS batteries.

Name

NextStar Energy

Legal name

NextStar Energy Inc.

Website

https://nextstar-energy.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

NextStar Energy is a Canadian manufacturer of lithium-ion battery cells, modules and packs, operating a 49.5 GWh facility in Windsor, Ontario, supplying electric vehicle OEMs (including Stellantis) and energy storage system integrators, and now wholly owned by LG Energy Solution.

Ownership category

akta.pro rank

Product category

Lithium-Ion Battery Manufacturing

NAICS

Battery Manufacturing (33591)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB)

akta.pro secondary industries

Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA), Battery Cell Manufacturing (EV) (IMACACAB), Battery Pack & Module Manufacturing (EV) (IMACACAA), Battery Pack Manufacturing & Module Assembly (EUAFABAI)

Keywords

• Lithium-ion battery manufacturing
• EV battery cells
• Energy storage systems
• Battery module production
• Battery pack assembly

Headquarters

HQ city

Windsor

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Battery Cell Sales (EV): Manufacturing and sale of lithium-ion battery cells for electric vehicle applications, supplying Stellantis and other North American automotive OEMs
2. Battery Cell Sales (ESS): Production of lithium iron phosphate battery cells for energy storage systems targeting AI data centers, grid-scale storage, and municipal utility applications
3. Battery Module and Pack Sales: Module and battery pack manufacturing for both automotive and stationary energy storage applications, providing vertically integrated products

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

NextStar Energy designs, manufactures, and sells lithium-ion battery cells, modules, and packs at its 4.23 million-square-foot Windsor, Ontario facility. The company produces both Lithium Iron Phosphate (LFP) cells primarily for energy storage systems and Nickel Manganese Cobalt (NMC) cells for electric vehicles, supplying North American automotive OEMs and grid/municipal utility customers.

Product overview

NextStar Energy operates as a vertically integrated battery manufacturing company offering three interconnected production stages: battery cells (LFP and NMC chemistries), battery modules, and battery packs. The company serves two primary markets—electric vehicle batteries and Energy Storage System (ESS) batteries for grid-scale, commercial, and AI data center applications. All manufacturing occurs at its 4.23 million-square-foot facility in Windsor, Ontario.

Differentiator

Problem solved

Functional benefit

Products and services

• Battery Cells (LFP and NMC) Lithium-ion battery cells manufactured at the Windsor facility using both Lithium Iron Phosphate (LFP) chemistry—primarily for energy storage system (ESS) applications—and Nickel Manganese Cobalt (NMC) chemistry for electric vehicle applications. Cells are produced through advanced automation and multi-stage quality verification and are sold to automotive OEMs and ESS operators.
• Battery Modules Battery module systems designed and manufactured at the Windsor facility. Modules are built to next-generation energy mobility standards and are backed by world-leading expertise in battery cell innovation. Modules are sold to automotive OEMs and ESS integrators.
• Battery Packs Finished battery pack products enabling full vertical integration from battery cell to module to finished pack, all manufactured at the Windsor facility. Packs serve both automotive and stationary energy storage applications.
• Energy Storage System (ESS) Batteries Advanced battery cells, modules, and packs designed for commercial and grid-scale energy storage solutions. Products support AI data center power backup, municipal and provincial utility grids, and grid stability applications, primarily using LFP chemistry.

Quantifiable outcome

• Produced 1 million battery cells within 3 months of mass production start
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• LG Energy SolutioncoreTechnology or Integration · 6 February 2026LG Energy Solution acquired full ownership of NextStar Energy in February 2026 after purchasing Stellantis' 49% equity stake for $100. As parent company, LG Energy Solution provides technological leadership, global operational expertise, and access to over 41,000 patents. NextStar serves as LG's strategic manufacturing hub in Canada for EV and ESS batteries.

Scale indicators7 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Panasonic Energy: Battery manufacturing arm of Panasonic, a long-standing Tesla supplier operating the Nevada Gigafactory. Produces NCA and NMC cells for EVs. Represents a major competitor in North American battery supply.
• CATL (Contemporary Amperex Technology): World's largest battery manufacturer with ~35% global market share. Recently announced licensing agreements with Ford and others to enter North American production. Represents the most formidable competitive threat in battery cells.
• SK On: South Korean battery manufacturer (spun off from SK Innovation) with major North American operations including plants in Georgia and Kentucky serving Ford, VW, and Hyundai. Competes with NextStar/LGES for OEM contracts in the North American market.
• LG Energy Solution: Parent company and global top-3 battery manufacturer. LGES produces lithium-ion cells, modules, and packs across multiple gigafactories in Korea, China, Poland, and North America. NextStar is LGES's Canadian manufacturing hub, making LGES the most directly comparable peer for technology, scale, and customer relationships.
• Samsung SDI: Korean battery manufacturer producing cells and packs for EVs and ESS. Operating a gigafactory in Michigan with Stellantis as a key customer. Competes with NextStar for premium OEM EV battery supply.
• Envision AESC: Global battery manufacturer operating plants in Tennessee, South Carolina, and Kentucky serving Nissan, BMW, and others. Comparable scale and product offering to NextStar in the North American market.

Regional players

• Li-Cycle: Canadian battery recycling company headquartered in Ontario. While focused on recycling rather than cell manufacturing, Li-Cycle is a relevant Canadian battery ecosystem peer and potential recycling partner for NextStar's end-of-life batteries.

Emerging players

• PowerCo (Volkswagen Group): Volkswagen's battery subsidiary building gigafactories in St. Thomas, Ontario (Canada) and elsewhere. Direct regional competitor in Ontario and supplier to major OEMs. Represents new capacity entering the North American market.
• Northvolt: Swedish battery manufacturer building North American capacity in Quebec and other locations. Competes with NextStar in the Canadian and broader North American EV/ESS battery market, though currently focused more on European operations.

Direct peers

• Ultium Cells (GM-LG Energy Solution Joint Venture): Joint venture between GM and LG Energy Solution producing battery cells in Warren, Ohio and Spring Hill, Tennessee. Closest structural analog to NextStar as an OEM-LG battery JV in North America; competes directly for EV battery supply contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/nextstarenergyca
• LinkedInlinkedin.com/company/nextstar-energy
• Xx.com/NextStarEnergy

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NextStar Energy