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VARTA AG is a German battery manufacturer (Ellwangen, headquartered in Ellwangen/DE) producing three main lines: primary/rechargeable lithium-ion cells (CoinPower button cells and the V4Drive 21700 round cell for automotive/power tools), microbatteries for hearing aids and medical devices (the "power one" brand — zinc-air chemistry, where VARTA covers over half of global hearing-aid-battery demand), a separate silver-oxide button-cell line for watches and small electronics, and consumer household batteries (alkaline).
Post-2024 StaRUG restructuring (completed April 2025, VARTA delisted from Frankfurt/Vienna): Porsche AG and Austrian investor Michael Tojner (via MT InvestCo) each hold ~32% economic equity, financial creditors ~36% (virtual shareholding). GLEIF's record for VARTA AKTIENGESELLSCHAFT (LEI 529900E7KB95KOXBWP63) still lists the pre-restructuring parent, Montana Tech Components AG (Tojner's prior holding vehicle) -- that relationship predates the 2024/2025 restructuring and is superseded by the split above, per contemporaneous reporting.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 2 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
Press reporting identifies Apple as the key customer whose decision to shift AirPods rechargeable-button-cell sourcing to China precipitated VARTA's July 2026 insolvency filing; not confirmed by VARTA's own disclosure.
V4Drive 21700 Li-ion cell subsidiary supplies Porsche's 911 Carrera GTS hybrid; Porsche is also a ~32% shareholder (related party).
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.
As a buyer, policy pressure across its consumed materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.