Stellantis and LG Energy Solution name CEO for battery joint venture
Posted July 5, 2022 by Matt Cousineau & filed under Newswire, The Tech.
Stellantis and LG Energy Solution have named their new joint venture battery company NextStar Energy, and have appointed Danies Lee as CEO.
Based on Stellantis and LG's plan to invest $3.87 billion in setting up production, NextStar Energy will begin constructing a lithium-ion battery production plant in Windsor, Ontario later in 2022. Stellantis says production is set to begin in the first quarter of 2024.
Stellantis says, "NextStar Energy will be Canada's first large-scale lithium-ion battery production plant." The company says it will have an annual production capacity of over 45 GWh.
"NextStar Energy will play an important role in the Stellantis Dare Forward 2030 strategic plan, which aims to have more than 50% BEV sales in North America by the end of the decade," according to Stellantis.
After earning a master's degree in international studies from Korea University and an MBA from Duke University, Danies Lee worked in sales and marketing positions at LG Chem, including a recent stint supervising sales and program management of EV battery programs for the North American market.
"I look forward to putting in place the senior leadership team of NextStar Energy who will help me achieve our vision of producing leading-edge lithium-ion battery cells and modules to meet a significant portion of Stellantis's vehicle production requirements in North America," said NextStar Energy CEO Danies Lee.
Source: Stellantis
Tags: LG Energy Solution, NextStar Energy, Stellantis EVs