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  • German Battery Maker Abruptly Shuts Michigan Plants Just Two Years After Multi-Million Dollar Expansion, Leaving 230 Workers Without Jobs
XALT to close Midland factory, eliminate 230 jobs
Layoffs
German Battery Maker Abruptly Shuts Michigan Plants Just Two Years After Multi-Million Dollar Expansion, Leaving 230 Workers Without Jobs
Founder News Team Jun 21, 2026 0

XALT Energy's parent company, Freudenberg e-Power Systems, will shut down its Midland and Auburn Hills, Michigan facilities over the coming…

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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies.

By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.

Latest News
$114M Legal AI Startup Erodes Law Firm Revenue as 500 Enterprises Slash Outside Counsel
Aug 10, 2026
Limitless unveils Launchpad technical assistant development programme
Paid live broadcast training programme promises permanent jobs after 12 months
Aug 10, 2026
Startup news and updates: Daily roundup (August 5, 2026)
Freshworks Returns to Profitability After $3.2M Swing as AI Demand Intensifies
Aug 10, 2026
Bay Area biotech firm once worth more than $3B lays off 30% of staff
Biotech Firm Once Valued at $3 Billion Slashes 30% of Workforce to Stay Afloat
Aug 10, 2026
EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and China
Europe Pours $11.4 Billion Into Seven AI Gigafactories to Slash U.S. Reliance
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