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3 days ago · In a significant move for the automotive and battery manufacturing industries, German battery maker Varta has entered into discussions with luxury carmaker Porsche regarding a potential investment in Varta's large-format lithium-ion battery business, V4Drive. This partnership could reshape the landscape for electric vehicle (EV) batteries in Europe, given both companies' prominence in their respective fields.
3 days ago · German battery maker Varta on Thursday said it is in talks with Porsche over a potential investment in its large-format lithium-ion battery business, V4Drive.
4 days ago · About VARTA AG. VARTA AG produces and markets a comprehensive battery portfolio ranging from micro batteries, household batteries, energy storage systems to customised battery solutions for a variety of applications and sets the industry standards as a technology leader in key areas.
16 hours ago · Berenberg Bank analyst Yasmin Steilen maintained a Hold rating on VARTA AG (VAR1 – Research Report) today and set a price target of €15.00. The company’s shares closed last Friday at €10. ...
3 days ago · According to Varta, the conclusion of the deal depends on several factors, including a thorough examination of business documents by Porsche. The news of Porsche's potential involvement triggered a noticeable reaction in the stock market: Varta's stock climbed more than 21% in Xetra trading to EUR 10.79. Until today's recovery, the loss since ...
4 days ago · Varta AG is a Germany-based company, that manufactures and markets a wide range of industrial, commercial, and miniaturized batteries for equipment and devices. The Company offers lithium-ion batteries for hearing aids, cameras, telephones, toys, watches, wearables, and headphones.
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3 days ago · Luxury carmaker Porsche is in talks with Varta regarding an investment in the German battery manufacturer's subsidiary V4Drive Battery, which produces e-mobility lithium-ion batteries. The companies entered into a nonbinding term sheet and are in the first phase of agreeing on the documentation for such a transaction, Varta said late Thursday.
