China Dongsheng International Inc (CDSG)

[Mr. Zen]

New CEO to Optimize Opportunity in the Strongly Growing and High-Value Lithium Market

On January 24th CDSG announces the appointment of Mr. Craig Alford as a Chief Executive Officer. Harp Sangha, President of CDSG states, "We are delighted that Mr. Alford will be joining the CDSG management team and providing his invaluable experience and leadership. Upon his appointment, Caren Currier will become the Chief Financial Officer of the firm."

North America's capacity for battery cell production will likely grow more than tenfold in the coming five years and there is a deficiency of production. Consumer demand and government policies have been vital driving forces for the current rapid expansion of the battery metal sector. In October of 2022, the U.S. announced $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them. And now four of the world's five largest battery makers, CATL, Panasonic, SK and LG Energy Solutions have declared plans for production within the US, Mexico, and Canada.