Battery manufacturer Varta: Much more energy than I thought

For taxpayers, it is a more expensive visit. And it's amazing that Federal Minister Peter Altmaier (CDU) with a suitcase full of money comes into the province

Battery manufacturer Varta: Much more energy than I thought

For taxpayers, it is a more expensive visit. And it's amazing that Federal Minister Peter Altmaier (CDU) with a suitcase full of money comes into the province to baden-württemberg, in Ellwangen to the battery manufacturer Varta. However, for the politicians to build its own battery cell manufacturing in Europe since the beginning of his term a priority. And since Varta fits very well.

Because the battery manufacturer has become, with its small and rechargeable Lithium-ion cells for cordless headphones or hearing AIDS in the past few years, the world market leader. Now in the M-Dax-listed medium-sized company receives fresh money from the Federal government and the länder of Bavaria and Baden-Württemberg and is now to stimulate electric mobility.

there are a Total of funds in the amount of 300 million euros up to the year 2024, as Altmaier explained. First battery components were already being produced in Germany. "Now we take the next step to a large series of battery cells for automotive and industrial applications," he says.

The funding is for a company such as Varta comparatively high. The sales had amounted to 2019, a total of 362 million. With the money Varta want to explore at the company's headquarters in Ellwangen, Germany and in the Bavarian town of Nördlingen, the next Generation of Lithium-ion cells and a mass production build. Germany wanted to remain Autoland, says Altmaier.

the energy storage market is growing

nationwide, the Federal Ministry of economic Affairs will promote the battery cell production is expected now, with around 3 billion Euro. So far, there were 1.7 billion Euro. Additional funds are added by the planned economic stimulus package by the Federal government, the CDU politician.

However, the production of battery cells for E-cars is not available for the Varta CEO Herbert Schein, initially in the foreground. Because once the pilot plant must be. This should be no later than the end of 2021 the case. "Our battery cells should be first in robots, driverless transport systems, or energy saving are used."

Updated Date: 01 July 2020, 23:20

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