Freudenberg e-Power Systems and LG Energy Solution sign long-term supply partnership for battery cell modules   LGES to supply Freudenberg with 19 GWh lithium-ion battery cell modules for truck and bus applications Partnership combines the strengths of LGES, a leading global manufacturer of batteries, and Freudenberg as a leading provider of e-mobility solutions for the ...

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.