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Freudenberg secures majority interest in Li-ion battery maker XALT Energy; full acquisition coming

Green Car Congress

In March 2018, Freudenberg announced it had acquired a 31% ownership stake in XALT Energy through a multi-million dollar investment in its operations. This acquisition is a crucial part of our future business strategy to transform as a supplier into a market leader of new mobility technologies and services. Earlier post.)

Li-ion 207
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The Godfather of South Korea’s Chip Industry

Cars That Think

That success can be traced in part to Kim, now an emeritus professor at KAIST. But the industry had yet to mass-produce its own chips beyond basic integrated circuits such as CMOS watch chips, in large part due to a lack of semiconductor specialists.