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Varta receives funding to further develop its lithium-ion technology

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German batteries maker Varta will further develop its lithium-ion technology thanks to funding from the German-government-supported IPCEI (“Important Project of Common European Interest”). The funds will help it develop the latest generation of small-format lithium-ion cells with even higher energy densities, and transfer this technology on to larger formats for use in energy storage devices, robots and mobility applications.

These new battery formats are to be optimised on a pilot line and transferred to mass production. Varta is also continuing to invest in research and development activities for battery cells in special formats, which are increasingly in demand for IOT applications, for example.

“We managed to transfer our lithium-ion technology in Germany into highly profitable mass production. With the IPCEI, we will further expand Varta’s lithium-ion technology, accelerate the development of the latest generations, and bring new products to market. I am pleased that politics is supporting this project, thus strengthening the battery industry,” said Herbert Schein, Varta CEO.

The Federal Ministry of Economics (BMWi) and the states of Bavaria and Baden-Württemberg are supporting the battery industry in Germany and Europe within the framework of an IPCEI. The federal and state governments are providing Varta with funding of up to 300 million euros for the project until the end of 2024.

“The establishment of innovative and sustainable battery cell production in Germany is a high priority for us. It is necessary to remain competitive, create new jobs and secure prosperity in line with the transformation of energy and transport. Today we are taking a big step towards our own large-scale production of battery cells for automotive and industrial applications,” said Peter Altmaier, Federal Minister of Economic Affairs and Energy.

Varta continues to invest in the expansion of its lithium-ion mass production and will create around 1000 new jobs in Ellwangen and Nördlingen in Germany by the end of 2021.

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