Stellantis Eyes Exiting Battery JV With Samsung Amid EV Pullback: Report

• The report comes on the heels of Stellantis exiting a joint venture with LG Energy Solution in Windsor last week.
• Last week, the company announced €22.2 billion in charges for the second half of 2025, a large portion of which were tied to the company reassessing its EV portfolio.

Carmaker Stellantis NV (STLA) is reportedly considering existing its U.S. battery joint venture with Samsung SDI Co. as it pulls back on electric vehicles.

Bloomberg reported on Tuesday, citing people familiar with the matter, that the Jeep maker is looking at ways to divest from StarPlus Energy JV. However, no final decision has been made and the situation would change, the report said.

As per one of Bloomberg’s sources, Stellantis could sell its stake to a third party. Some sources also said that the exit from the 2021 JV could be costly for the automaker, as per the report.

The report comes on the heels of Stellantis exiting a joint venture with LG Energy Solution in Windsor last week. The company sold its 49% stake in the JV to LG for just $100.  

STLA shares rose 3% at the time of writing. The automaker didn’t respond to Stocktwits’ request for comment at the time of writing.

Stellantis’ EV Pullback

Last week, Stellantis said that a strategic review of its operations resulted in €22.2 billion ($26.42 billion) in charges in the second half of 2025. Most of the write-downs reflected a reassessment of the pace of customer adoption of electric vehicles.

"The charges announced today largely reflect the cost of over-estimating the pace of the energy transition that distanced us from many car buyers’ real-world needs, means and desires. They also reflect the impact of previous poor operational execution, the effects of which are being progressively addressed by our new Team,” CEO Antonio Filosa then said in a statement.

The largest portion, €14.7 billion, relates to changes in product plans and U.S. emissions compliance, including write-offs of canceled vehicles and impairments of EV platforms. Another €2.1 billion was tied to resizing the EV supply chain, while €5.4 billion reflected higher warranty provisions, restructuring costs, and other operational changes.

Earlier this year, the company confirmed it would end production of several plug-in hybrid Jeep and Chrysler models in North America starting with the 2026 model year, citing softer demand and the need to focus on more competitive electrified options.

How Did Stocktwits Users React?

On Stocktwits, retail sentiment around STLA stock stayed within the ‘extremely bullish’ territory, while message volume remained at ‘extremely high’ levels.

A Stocktwits user called on investors to buy the stock now in light of the automaker’s “great line up for 2026” with less electric vehicles.

STLA stock has dropped 42% over the past 12 months.

Read More: Tesla Semi Has A Starting Price Of $260,000 — Higher Than Put Forth In 2017 But Below Industry Standards: Report

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