# Porsche to take majority stake in VARTA's large-format lithium-ion cell business

VARTA AG signed an agreement with Porsche for a majority investment by Porsche in the business unit for large-format lithium-ion cells through a majority stake in V4Drive Battery GmbH. The transaction is expected to close in Q1 2025.

- Type: Investment
- Announced: 2024-10-09
- Where: Ellwangen, Germany
- Status: announced
- Products: large-format lithium-ion cells
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [VARTA AG](https://endata.com/companies/70821.md)
- [Porsche](https://endata.com/companies/16802.md) (investor)

## Sources

- [eqs-news.com](https://www.eqs-news.com/news/ad-hoc/varta-ag-varta-ag-signs-agreement-with-porsche-regarding-investment-in-business-unit-for-large-format-lithium-ion-cells/af4e81ee-55c6-47e7-bb9d-d58a8c0ec69e), 2024-10-09: "VARTA AG has signed an agreement with Dr. Ing. h.c. F. Porsche AG on a majority investment by Porsche in the business unit for large-format lithium-ion cells"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.