Where is XALT Energy located?

XALT Energy is located in Midland, Michigan, United States. Who are XALT Energy's competitors? Alternatives and possible competitors to XALT Energy may include Phylion Battery, NIO Capital, and Fix Network World. XALT Energy is a global leader in lithium-ion cell, pack and system development.

What services does XALT Energy offer?

Services for remotely tracking and managing the performance of battery and fuel cell systems. Telematics services for data collection and analysis to optimize the performance of battery and fuel cell systems. XALT Energy was acquired by Freudenberg Sealing Technologies on Feb 4, 2019.

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.

Who is Midland xalt?

The Midland XALT factory has produced battery cells and packs, such as thermal management, safety, software and electronics, for over a decade. “The know-how and skills built up in the team over this time are a key asset, especially in such a rapidly growing start-up industry,” Freudenberg said.

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.

Who owns XALT Energy?

Freudenberg is acquiring 49.9 percent of the outstanding membership units of the joint venture from partner MBP Investors, a Townsend Ventures affiliate, and will thus become the sole owner of XALT Energy, LLC. The parties have agreed not to disclose the purchase price. Weinheim/Munich, January 9, 2023.