Freudenberg acquires majority share of XALT Energy

By Michael Alba Freudenberg Sealing Technologies has acquired a majority share of XALT Energy, a manufacturer of battery solutions for heavy-duty EVs. XALT produces high-energy storage solutions for industries including automotive, rail, marine, industrial operations, and commercial transportation.
The majority stakeholder acquisition comes with a multi-million dollar investment that will allow XALT to increase …read more

Source:: https://chargedevs.com/newswire/freudenberg-acquires-majority-share-of-xalt-energy/