Thanks again, China.

German battery maker Varta files insolvency applications – German battery manufacturer Varta has filed four ​insolvency applications, a spokesperson for ‌the Stuttgart district court said on Friday, marking another setback for ​the company.

Reuters reported on ​Thursday that Varta planned to ⁠file for insolvency after ​its shareholders sports car maker ​Porsche AG and Austrian investor Michael Tojner declined to provide additional funding ​to the struggling company.

Varta ​now faces a potential breakup: Key creditors, ‌including ⁠Deutsche Bank, intend to take over the profitable household battery business, while Tojner has ​expressed interest ​in ⁠the micro-battery division.

Varta lost its key customer ​in the spring: Apple ​plans ⁠to source the rechargeable “CoinPower” button cells for its AirPods headphones ⁠from ​China in the ​future.