EV Moves – Porsche Grabs Majority Stake in V4Drive Battery

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Porsche said today that it plans a majority takeover of V4Drive Battery GmbH 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. (read AutoInformed.com on: New Porsche 911 Carrera, GTS Carrera Hybrids Debut)

“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 AG.

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 GmbH. It is planned that V4Drive will also address further customers beyond Porsche.

The completion of the majority takeover of V4Drive is of course subject to antitrust approvals in various countries and the successful implementation of the financial restructuring of Varta AG.