3/16/2021, 3:33 PM (Source: TeleTrader)
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Chart for: VARTA AG O.N.

VARTA surges 14% on shift towards EV batteries

Shares of VARTA AG soared more than 14% on Tuesday after the company announced it would start producing batteries for electric vehicles in the future.

"The development of the new lithium-ion cells is going extremely well. The results are exceeding our expectations," VARTA Chief Executive Herbert Schein commented at the time.

VARTA's stocks jumped by 14.57% to trade for €128.20 per share at 3:33 pm CET.

Baha Breaking the News (BBN) / ND