In February 2018, Freudenberg Sealing Technologies invested in more than 30% of XALT Energy with a plan to raise its stake to 100%.  Claus Moehlenkamp, Freudenberg’s CEO, told industry professionals in August of 2018, that electrified vehicles could grow to 40% of new-vehicle demand in 2040 during the Center for Automotive Research’s Management Briefings Seminars ...