RIL acquires battery firm Lithium Werks

PTI

Updated At : 01:24 PM Mar 15, 2022 IST

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New Delhi: Reliance Industries Ltd (RIL) on Monday announced acquisition of assets of cobalt-free lithium battery technology company Lithium Werks for $61 million. The assets include the entire patent portfolio of Lithium Werks, manufacturing facility in China, key business contracts and hiring of existing employees as a going concern.

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