Reliance New Energy Solar to acquire Faradion Limited; Deal Aims to Make EV Batteries Cheaper

Reliance New Energy Solar to acquire Faradion Limited; Deal Aims to Make EV Batteries Cheaper

Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries, has signed an agreement to acquire Faradion Limited, a leading sodium-ion battery technology company. The deal is worth GBP 100 million with RNESL investing GBP 25 million as growth capital in the company. Based out of Sheffield and Oxford in the UK, Faradion […]

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