Lithium Werks: India's Reliance does second battery deal in two months with LFP manufacturer acquisition
Reliance New Energy Limited, part of the massive Indian conglomerate, has acquired LFP battery manufacturer Lithium Werks for US$61 million two months after buying a sodium-ion battery producer.
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Lithium Werks is a Netherlands-based designer and manufacturer of lithium-ion phosphate batteries for industries such as marine and transportation.
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