Reliance Acquires UK Based Sodium-ion Battery Tech Company Faradion

Reliance New Energy Solar under the leadership of Mukesh Ambani signed an agreement to buy the UK-based company Faradian for 100 million pound. It works in the field of sodium-ion battery technology which is said to be better than lithium-ion batteries. Reliance has also planned to invest 25 million pound in the company. ''We welcome Faradion and its experienced team to Reliance family,'' said Mukesh Ambani, Reliance Industries Chairman.