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Faradion, the UK sodium-ion battery developer that Indian conglomerate Reliance Industries bought in January, is looking to hire 200 employees in Sheffield, England. The firm plans to establish new laboratories and a demonstration-scale production facility, according to local media reports. Reliance had promised to invest $35 million in Faradion when it bought the firm, which estimates that sodium-ion batteries could be 30% cheaper to make than lithium-ion ones.
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