VARTA

'distribution, recharging and repair of portable accumulators') is a German company manufacturing batteries for global automotive, industrial, and consumer markets.

[1] After World War I, VARTA together with AFA was acquired by German industrialists Günther Quandt and Carl Hermann Roderbourg.

gave VARTA €300 million for the construction of a production facility for electric vehicle (EV) lithium-ion batteries, but the company decided to abandon the project two years later to cut cost.

[11] An attack on their IT systems in February 2024 forced production down for a month[12] and prevented the scheduled Annual general meeting in May 2024, which resulted in an exchange[further explanation needed] loss of some 8.4%.

[15] The deal was based on the 'Act on the Stabilization and Restructuring Framework for Companies' (Gesetz über den Stabilisierungs- und Restrukturierungsrahmen für Unternehmen, StaRUG) from 2021.

[16] In October 2024, Germany's Federal Cartel Office approved Porsche's acquisition of a non-controlling interest in VARTA as well as a majority of shares and sole control of V4Drive Battery, its business unit for large-format lithium-ion cells for electric cars.

Aerial picture of the VARTA microbattery factory in Ellwangen