The stock of the German battery manufacturer Varta continued its impressive recovery rally on Wednesday and closed on XETRA at 3.358 euros, representing an increase of 81.32%. The rapid surge in the share price results from the signing of a contract with the sports car manufacturer Porsche AG, which provides for a majority stake in Varta subsidiary V4Drive Battery GmbH.

With this partnership, Varta strengthens its position in the field of large-format lithium-ion cells, a key technology for modern electric vehicles. To implement the investment, a capital increase is planned at the subsidiary, which is intended to further solidify the company's financial base. This development follows Monday's announcement that significant contracts with financiers and investors have been concluded, as well as a short-term bridge financing - another milestone in Varta's restructuring plan.

Despite these positive steps, Varta remains in financial trouble.

The dramatic price increase shows that Varta can gain investor confidence through strategic partnerships like the one with Porsche. Nonetheless, the fundamental restructuring issues remain unresolved, which continues to make the company's future uncertain. The positive signals from the MENA business and the new investments contrast with the internal challenges that shake the confidence of longtime shareholders.