Did Freudenberg buy XALT Energy?

The parties have agreed not to disclose the purchase price. Freudenberg had already acquired a majority stake in the US battery manufacturer XALT Energy, LLC, Midland, Michigan, USA, in 2019. The company develops and produces lithium-ion battery cells and fully integrated battery packs for the commercial vehicle and maritime industries.

Does GM use xalt batteries?

In September 2018, the Consortium announced it would partner with XALT to develop a 12-volt, Lithium Manganese Oxide-Lithium Titanate Stop-Start battery system. Recently, GM also announced it was using XALT battery systems in an experimental electric drag racer, the eCOPO Chevrolet Camaro concept vehicle

Will Freudenberg E-Power Invest in Midland xalt?

Midland’s XALT factory can expect to see large investments from Freudenberg e-Power company in the years ahead. On Feb. 2 the company announced it would invest a “double-digit million sum in the expansion” of its battery business and capacities. This investment would go partially into the Midland XALT factory, and there’s more to come.

What does xalt's new Gigafactory deal mean for commercial vehicles?

The XALT gigafactory in Midland will assemble the battery cell modules for electric commercial vehicles as part of that contract. This deal will create new jobs at the XALT factory in Midland, as well as other XALT sites in the U.S, to “meet the increasing demand from our customers,” Freudenberg said.

Are Freudenberg and xalt partnering?

Freudenberg and XALT Energy have already entered into strategic partnership agreements to provide advanced lithium-ion battery systems to heavy-duty segment leaders such as New Flyer of America for transit buses.

Why did XALT Energy Invest in Midland?

With this additional multi-million dollar investment, XALT Energy is able to revitalize production capabilities at the company's Midland production plant and to intensify its research and development efforts into new mobility technologies.