Porsche plans majority takeover of Varta's V4Drive Battery GmbH

Porsche plans to acquire a majority stake in V4Drive Battery GmbH, a Varta subsidiary producing large-format lithium-ion round cells for hybrid vehicles. Porsche will invest €30 million and contribute a new production facility in Nördlingen, Germany, scheduled to go into operation in 2025.

“With the planned majority takeover of V4Drive, we aim to drive the company forward and would make an important contribution to keeping key technologies in Germany.”newsroom.porsche.com

• 1 source
• newsroom.porsche.comPorsche and Varta deepen strategic partnership - Porsche NewsroomAug 17, 2024

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