Porsche and Varta

Porsche and Varta are even closer. Another piece in the mosaic of mergers almost forced by the electrification process. An acquisition that is mirrored in the great sea of car passengers and still witnesses the need for critical mass and the integration of expertise, both on and off-highway environments.

You say lit-ion batteries for luxury cars, you mean Porsche ad Varta

Porsche will acquire a majority stake in V4Drive Battery via a capital increase mainly through a contribution in kind. In this entity, Varta pools its business with large-format lithium-ion round cells, which are used in the performance hybrid drive of the Porsche 911 Carrera GTS. The construction of a further production facility for booster cells in Nördlingen, which was decided in spring 2024 and advanced by Porsche, will continue as planned. The facility is scheduled to go into operation next year; Porsche wants to provide it as a contribution in kind to V4Drive Battery. It is planned that V4Drive will also address further customers beyond of Porsche.

Pursuing the Porsche narrative

According to the Porsche official, as Varta is planned to remain on board as a minority shareholder in V4Drive, Varta needs a stable financial basis. Against this backdrop, Porsche and further partners expressed their willingness to participate in the planned financial reorganization of Varta – as part of the intended restructuring process. The key details have now been logged in a term sheet. Porsche’s investment would amount to 30 million euros and would directly benefit Varta.

“Varta and Porsche are already working closely together on the topic of high-performance battery cells. 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”, said Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche.

VOLKSWAGEN AND THE SEMICONDUCTORS