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VARTA, Volkswagen form Li-ion battery JV

Posted: 02 Oct 2009 ?? ?Print Version ?Bookmark and Share

Keywords:VARTA Volkswagen JV? Li-ion battery?

VARTA Microbattery GmbH and Volkswagen are embarking on research cooperation for the development of future battery systems in vehicles with electric drive. The aim is to improve the efficiency characteristics of these batteries to allow both companies to have a stronger market presence in electric vehicles. The joint venture is subject to the approval of the responsible Federal Trade Commission.

VARTA Microbattery is confident that with this R&D cooperation, a Li-ion battery cell which is technically superior and price competitive can be achieved.

Research activities will be done at VARTA's head office in Ellwangen, Germany. Initially the project will cover a four-year period. In this joint venture VARTA Microbattery will contribute comprehensive know-how in the area Li-ion batteries as well as innovative production technology. VARTA Microbattery has more than 100 years experience in the area of various electrochemical systems from lithium to metal air systems as well as of their research, development and production.

"The market prospects for Li-ion batteries are enormous. VARTA Microbattery GmbH establishes with this research cooperation the course for enhancements of this future technology in Germany" said Herbert Schein, CEO of VARTA.

Michael Tojner, president of the administrative board and Klaus Sernetz, CEO of Montana Tech Components AG, commented, "The joint venture is a great chance for our company to gain a leading role in this important future technology and shows our long-term vision in the battery business." VARTA Microbattery GmbH is a 100 percent daughter of Montana Tech Components AG.

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