Stellantis-LG Energy Solution Battery Joint Venture To Be Named NextStar Energy

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Stellantis and LG Energy Solution 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.

“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.

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 manufacturing facility is targeted to have an annual production capacity in excess of 45 gigawatt hours 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 the first quarter of 2024.