17 Articles
17 Articles
The long-established battery manufacturer Varta fought after the loss of the Apple large order last with falling demand and deep red numbers. Now an insolvency administrator was appointed.
The German battery manufacturer Varta has submitted an application for insolvency under its own administration to the Stuttgart District Court in Germany after claiming a structural financing deficit. The application covers the parent company Varta AG and all its subsidiaries, except Varta Consumer Batteries, which manufactures domestic batteries and power banks. Varta Storage, which brings together the company’s solar storage and energy managem…
German battery manufacturer files for self-administered insolvency - pv magazine Global
German battery manufacturer Varta has filed for self-administered insolvency with the Stuttgart District Court in Germany after citing a structural financing gap. The filing covers the parent company Varta AG and all subsidiaries except Varta Consumer Batteries, which manufactures household batteries and power banks. Varta Storage, which bundles the company’s solar storage and energy management system business, is also included in the proceeding…
In the future, an insolvency administrator will be in charge of the Ellwang battery manufacturer Varta. Varta announced that the company is moving away from insolvency in its own right on Tuesday.
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