BidItUp to Conduct Historic 8-Day Auction of XALT Energy's Lithium-Ion Battery Manufacturing Assets
BidItUp to Host Landmark 8-Day Auction of Manufacturing Assets
In a move set to shape the future of energy storage and electric vehicle production, BidItUp, renowned for its prowess in industrial asset auctions, has announced an extraordinary online and live virtual auction. This event will unfold over 8 days and will spotlight a range of manufacturing and R&D assets from XALT Energy, a prominent U.S.-based lithium-ion battery manufacturer catering to electric vehicles (EVs) and energy storage systems (ESS).
Auction Details and Asset Overview
Taking place from a sprawling manufacturing campus located in Midland, Michigan, the auction encompasses XALT's extensive resources, including its research and development operations situated in Auburn Hills. This rare auction represents an opportunity for buyers to tap into the complete lifecycle of lithium-ion battery production—from prototyping and testing to high-volume manufacturing.
As highlighted by BidItUp's CEO Tara Shaikh, “This auction represents a unique convergence of scale, sophistication, and immediacy. These are highly engineered systems that supported real-world battery production.