|Bid||96.18 x 14100|
|Ask||96.22 x 12000|
|Day's Range||95.16 - 96.68|
|52 Week Range||44.45 - 102.00|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||8.41|
|Earnings Date||Aug 10, 2021|
|Forward Dividend & Yield||2.21 (2.35%)|
|Ex-Dividend Date||Jul 26, 2021|
|1y Target Est||N/A|
Germany's Varta AG will supply high-performance battery cells to luxury sportscar maker Porsche AG, a spokesperson for the battery maker said. Varta will supply its V4Drive battery cell to the Volkswagen AG unit, said the spokesperson, who declined to be more specific. Varta said last month it had won a first customer from the automotive sector, but had not revealed the company's identity.
Volkswagen's luxury sports car unit Porsche AG is setting up a joint venture with Customcells to produce high-performance batteries that will significantly reduce charging times, the company said on Sunday. The partnership with Customcells, a company in southern Germany specialising in lithium-ion cells, will aim to produce car batteries with higher energy density than prototypes used in Porsche's current electric cars, the company said in a statement. European carmakers are pushing to reduce their dependence on Asia for batteries as they roll out all-electric models to meet stricter emissions targets in the European Union.
Germany's car authority KBA has started a probe against Porsche, suspecting incorrect fuel consumption data for gasoline-powered cars, news portal Business Insider reported on Thursday. Porsche said it had made a voluntary notification to the authority as "a pre-cautionary measure" a year ago, regarding conformity issues with individual vehicles. "The current procedure has already been able to find no conformity deviations in the large majority of vehicles," a Porsche spokesperson said in an emailed statement.