Stellantis’ €22bn EV U-turn: shares plunge, dividends paused, Canada battery JV stake sold for $100
Stellantis recorded a €22.2 billion charge linked to scaling back electric vehicle plans, sending shares down nearly 19% in Milan. The company expects a €19–€21 billion loss for H2 2025 and will skip its 2026 dividend. LG Energy Solution will acquire Stellantis’ 49% stake in Canada’s NextStar Energy JV for $100.
