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23 March 2022

Reliance New Energy Ltd acquires assets of Lithium Werks BV

Reliance Industries’ subsidiary Reliance New Energy Ltd on Monday signed definitive agreements to acquire “substantially” all of the assets of Lithium Werks BV for a total transaction value of $61 million, including funding for future growth.
The assets include the entire patent portfolio of Lithium Werks – a leading provider of cobalt free and high-performance ‘Lithium Iron Phosphate’ (LFP) batteries, its manufacturing facility in China, key business contracts and hiring of existing employees as a going concern. Read More...


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