VARTA AG

SK Nexilis signed an exclusive deal to supply copper foil to Varta's first electric vehicle battery plant. The deal is for at least five years.

VARTA AG is investing over €20 million in a new factory for energy storage systems at its Neunheim site in Ellwangen, Germany. Production will start in summer 2023, with capacity up to 100,000 systems per year (over 1 GWh), creating about 120 jobs.