Stellantis and LG Energy Solution have announced NextStar Energy Inc. as the official name of its battery joint-venture company. Danies Lee has been appointed chief executive officer (CEO) of the new company. NextStar Energy will be Canada’s first large-scale lithium-ion battery production plant.
Stellantis and LG Energy Solution committed to investing more than $5 billion CAD ($4.1 billion USD) to establish automotive battery operations in Windsor, Ontario, with support from the municipal, provincial, and federal levels of the Canadian government. The manufacturing facility is targeted to have an annual production capacity in excess of 45 gigawatt-hours (GWh) and will create an estimated 2,500 new jobs in Windsor and the surrounding areas. Plant construction activities are expected to begin later this year with production operations planned to launch in Q1 of 2024.
“I am extremely humbled by this appointment and 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’ vehicle production requirements in North America,” said Lee, CEO NextStar Energy.
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.
Lee has held a series of global and regional sales and marketing roles for the promotion of lithium-ion batteries at LG Chem since 2001. He was responsible for U.S. market sales and was based in San Jose, California, from 2015 to 2018. Most recently, he oversaw the sales and program management of key EV battery programs for the North American market. Lee will be moving to Windsor, Ontario, in the coming months. He holds a master’s degree in international studies from Korea University, as well as an MBA from Duke University.
The closing of the battery joint-venture company is subject to customary closing conditions, including regulatory approvals.
Source: Stellantis North America