Asia Tech Wire (July 22) -- Porsche is considering acquiring a minority stake in German battery maker Varta to secure a potential investment in its large-format lithium-ion battery business, V4Drive, according to Frankfurter Allgemeine Zeitung.

Varta, which has a market capitalization of €440 million, said earlier this month that it was in talks with Porsche about a potential investment in its V4Drive business.

Under the plan, Varta would transfer the business to a subsidiary, with Porsche becoming the majority shareholder in the unit.