LG Energy Solution Ltd.

■ LG Energy Solution's participation in SDVerse, the first B2B marketplace for automotive software, reflects the company's leadership expanding beyond battery manufacturing into software and services

■ Company offers its five core battery software solutions optimized for the SDV environment

SEOUL, South Korea, April 2, 2026 /PRNewswire/ -- LG Energy Solution announced today that it has joined SDVerse, becoming the first battery company to participate. This move underscores the company's technological leadership as it expands beyond battery manufacturing into the software and services that power next-generation vehicles.

Co-founded in 2024 by General Motors, Magna, and Wipro, SDVerse is the automotive industry's first B2B marketplace for automotive software. It enables sellers to list software solutions that buyers can easily search, compare, and evaluate to find the best fit. As the era of Software-Defined Vehicles (SDVs) takes shape, SDVerse has quickly evolved into a trusted digital hub that helps accelerate innovation across software-defined mobility.

By joining SDVerse, LG Energy Solution is bringing its battery software capabilities directly into the SDV environment, enabling smarter diagnostics, safer operation, and longer battery life. The company is offering five core battery software solutions—Battery Platform SW, Safety Diagnostic Calibration Tool, Onboard FRISM, Onboard BLiS, and Onboard DASH.

Battery Platform SW comprehensively analyzes key battery status indicators, integrating LG Energy Solution's proven BMS technologies into an SDV-optimized architecture.

The Safety Diagnostic Calibration Tool enables safety diagnostics and simulation validation based on battery data. This tool provides algorithms that companies can leverage to perform in-house analysis and operations without relying on external data sources, minimizing the risk of data leakage while enhancing security.

Onboard FRISM, also known as the Cell Data Free SOH Model, is an algorithm-based automotive software that estimates battery condition based on battery field data. It enables accurate diagnosis of battery degradation without cell test data by applying machine learning–based error correction.

Onboard BLiS, which stands for Battery Life Simulator, is an algorithm that numerically predicts the battery degradation process and estimates changes in battery performance under various conditions. It can also predict how rapid‑charging capability changes as batteries degrade, and simulate battery health based on a physical model by continuously monitoring voltage, current, and temperature.

Onboard DASH, which stands for Degradation Reduction Action Strategy for Battery Health, is an algorithm designed to manage the lifespan of EV batteries. It quantitatively analyzes how driving and charging behaviors affect battery degradation, monitors battery status in real time, and provides guidance to support long‑term battery health.

"We are proud to welcome LG Energy Solution and its advanced battery management software, diagnostics, and SDV-ready battery architecture to SDVerse," said Prashant Gulati, CEO of SDVerse. "By combining deep battery expertise with software-driven intelligence, LG Energy Solution is helping accelerate the development of next-generation electric vehicles."

"The SDV era is turning vehicles into ever-evolving software platforms, and batteries are at the core of this transformation," said Je Young Kim, CTO of LG Energy Solution. "By introducing our battery software to SDVerse, we are not only demonstrating our readiness for the software-defined future but also ensuring that our battery intelligence is reflected at every stage of the vehicle lifecycle."

The company has demonstrated distinctive battery software and service capabilities through more than 20 years of BMS development. Over that time, it has accumulated over 10,000 BMS-related patents, building deep expertise in the process. Last October, the company's pioneering status was reaffirmed after becoming the first battery maker to be awarded a CES Innovation Award purely through software technology with its battery life management solution, Better.Re.

Through its participation in the SDVerse ecosystem, LG Energy Solution plans to showcase its expertise in battery service and software technologies built over time, solidifying its position as a comprehensive energy solution provider.

About LG Energy Solution 

LG Energy Solution (KRX: 373220) is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With more than 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 90,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com. 

About SDVerse

SDVerse is the automotive industry's first B2B marketplace purpose-built for software. Backed by Founding Members General Motors, Magna, and Wipro, SDVerse streamlines how OEMs, Tier 1s, and software providers develop, discover, evaluate, and procure automotive software, tools, and services. By reducing friction, enabling faster sourcing, and expanding visibility across the value chain, SDVerse helps companies bring software-defined vehicles to market faster. Open, standard-agnostic, and built for industry collaboration, SDVerse is designed to accelerate innovation across the entire automotive ecosystem. Learn more at www.sdverse.auto.

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SOURCE LG Energy Solution

• Ownership transition reflects a mutually agreed, strategic decision by LG Energy Solution and Stellantis, undertaken in consultation with NextStar Energy.
• Stellantis to sell its 49 per cent equity stake in NextStar Energy to its founding joint venture partner, LG Energy Solution.
• More than $5 billion CAD invested in NextStar Energy to date, reinforcing long-term growth, innovation, and commitment to high-quality Canadian jobs at Canada's first and only commercial-scale battery manufacturing facility.

WINDSOR, ON, Feb. 6, 2026 /CNW/ - LG Energy Solution, Stellantis, and NextStar Energy today announced that LG Energy Solution will acquire full ownership of NextStar Energy, with Stellantis selling its 49 per cent equity stake to LG Energy Solution. 

NextStar Energy was established as a joint venture by the two companies in 2022 to build Canada's first large-scale battery manufacturing facility in Windsor, Ontario, and will continue building a resilient and competitive foundation for Canada's battery future.

The ownership transition is a mutually agreed, strategic decision by the joint venture's two shareholders, LG Energy Solution and Stellantis. The decision was informed by extensive engagement with NextStar Energy's leadership team to ensure a seamless transition and strengthen the company's long-term growth and investment outlook.

Under the new ownership structure, NextStar Energy will leverage LG Energy Solution's technological leadership and global operational expertise to better serve a broader customer base, including the Energy Storage System (ESS) industry, and respond with greater agility to market conditions and demand to pursue future growth opportunities.

Stellantis remains a committed customer and will continue to source battery products from NextStar Energy.

NextStar Energy's facility is a cornerstone of Canada's advanced manufacturing and clean-energy sector, anchoring domestic battery production, strengthening North America's battery supply chain, and supporting Canada's long-term industrial competitiveness. More than $5 billion CAD has been invested in the facility to date, and it employs over 1,300 employees, with a long-term target of 2,500 employees as it scales to full production.  

NextStar Energy will continue to play a pivotal role in strengthening Canada's and North America's battery manufacturing ecosystem by onshoring critical capabilities that meet the evolving needs of the automotive manufacturing sector and other strategic industries.   

The closing of this transaction is subject to approvals and other conditions.

 Quotes

"LG Energy Solution sees growth opportunities in North America by situating a key production hub in Canada. Full ownership of NextStar Energy will enable us to respond swiftly to the growing demand from the ESS market and position us to play a key role in Canada's EV industry by securing additional North American-based customers." 

     –     David Kim, Chief Executive Officer of LG Energy Solution

"By enabling LG Energy Solution to fully leverage the Windsor facility's capacity, we are strengthening its long-term viability while securing the battery supply for our electric vehicles. This is a smart, strategic step that supports our customers, our Canadian operations, and our global electrification roadmap."

     –     Antonio Filosa, Chief Executive Officer of Stellantis 

"This new ownership structure strengthens Canada's position as a leader in battery manufacturing. It provides long-term certainty to continue investing in our Canadian workforce and our manufacturing capacity while delivering sustained economic benefits for Canada and Ontario." 

     –     Danies Lee, Chief Executive Officer of NextStar Energy

LG Energy Solution's North American Operations

LG Energy Solution is the largest battery company in North America with the most diverse manufacturing footprint, spanning multiple customers, use cases, chemistries and formats. Upon the completion of this acquisition, the company will operate four stand-alone facilities (LG Energy Solution Michigan Holland, LG Energy Solution Michigan Lansing, LG Energy Solution Arizona, NextStar Energy) and four joint venture facilities in the region. 

As the global battery market expands beyond EV into diverse sectors such as ESS, robotics, Urban Aerial Mobility and ships, LG Energy Solution is strategically rebalancing its portfolio and enhancing operational efficiency. The company is reallocating production capacity between EV and Energy Storage Systems to minimize new investments while maximizing the utilization of existing production lines worldwide. This strategic shift aims to increase global ESS production capacity to over 60 GWh this year, with more than 50 GWh of this capacity concentrated in North America. 

ABOUT THE COMPANIES

LG Energy Solution

LG Energy Solution (KRX: 373220) is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With more than 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 90,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com. 

Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is a leading global automaker, dedicated to giving its customers the freedom to choose the way they move, embracing the latest technologies and creating value for all its stakeholders. Its unique portfolio of iconic and innovative brands includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep_®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. For more information, visit www.stellantis.com 

NextStar Energy  

NextStar Energy is Canada's first large-scale battery manufacturing facility. Located in Windsor, Ontario, NextStar Energy is dedicated to the development and innovation of sustainable and efficient energy solutions, empowering the future of mobility. For more information, visit nextstar-energy.com. 

SOURCE Stellantis North America