VARTA is to get €300 million via an IPCEI  (Important Project of Common European Interest) project.

Funds are coming  from the German Federal Ministry of Economics (BMWi) and the states of Bavaria and Baden-Württemberg.

The project will focus o developing small-format lithium-ion cells with higher energy densities.

 These new battery formats are to be optimised on a pilot line and transferred to mass production. 

VARTA Expects to create around 1000 new jobs in Ellwangen and Nördlingen by the end of next year.