VARTA AG accelerating R&D for lithium-ion technology – national funding given green light by European Commission

The VARTA AG Group is already a leader in technology and innovation for lithium-ion batteries. These batteries will play a strategic role in even more applications in the future. In recent years, VARTA AG has successfully improved its lithium technology on an ongoing basis, repeatedly setting new industry standards in the process. The next major milestone in the further development of lithium-ion technology relates to the research and development of silicon-based anodes with the ultimate aim of transferring this technology into mass production – both for existing and larger cell formats.

The Federal Ministry for Economic Affairs and Energy (BMWi) in Germany is providing financial backing for these projects. The European Union (EU) and the BMWi regard battery technology as a key technology, in particular with regard to the electrification of transport systems, while there are also other areas in which this technology will play a core role. Consequently, the establishment of competitive battery cell production is classified as an Important Project of Common European Interest (IPCEI) that will be granted the corresponding funding to ensure Europe’s competitive ability in this field. The EU has now notified the funding proposals, thereby opening the door to national funding provided by the BMWi.

Herbert Schein, CEO of VARTA AG, commented: “We are delighted that our project concept has resonated so well. In the coming years, VARTA AG is set to continue to benefit from increasing demand for top quality lithium-ion batteries with the highest power density over the coming years. To this end, our aim is to further develop our lithium-ion technology in targeted fashion to meet these specific demands, with a particular focus on integration within production processes.”

About VARTA AG
VARTA AG, as the parent company of the Group, is active in the Microbatteries and Power&Energy business segments through its subsidiaries VARTA Microbattery GmbH and VARTA Storage GmbH. Today, VARTA Microbattery GmbH is already an innovation leader in the field of microbatteries, one of the market leaders for hearing aid batteries and is also striving for market leadership for lithium-ion batteries in the wearables sector, especially for hearables. Power&Energy focuses on intelligent energy solutions for tailor-made battery storage systems for OEM customers as well as on the design, system integration and assembly of stationary lithium-ion energy storage systems. With five production and manufacturing facilities in Europe and Asia as well as sales centers in Asia, Europe and the USA, the operating subsidiaries of the VARTA AG Group are currently active in over 75 countries worldwide.

Contact:
Bernhard Wolf
Head of Investor Relations
Tel: +49 79 61 921-969
bernhard.wolf@varta-ag.com

Nicole Selle
Corporate Communications
Tel.: +49 79 61 921-221
nicole.selle@varta-ag.com

Press contact

VARTA AG
News & Presse

VARTA-Platz 1
73479 Ellwangen

Phone: +49 (7961) 921 – 0


VARTA AG
Emanuel Sican
Head of Investor Relations

VARTA-Platz 1
73479 Ellwangen

Phone: +49 79 61 921-3115