Ahmedabad, August 4
The Adani Group on Monday categorically denied a media report, which had suggested a potential tie-up between the Group and Chinese companies BYD and Beijing Welion New Energy Technology for battery manufacturing in India.
"We categorically deny Bloomberg's report on 4 Aug 2025 suggesting a tie-up between the Adani Group and Chinese companies BYD and Beijing Welion New Energy Technology. This report is baseless, inaccurate and misleading," an Adani Group spokesperson said in a statement.
The statement added that the Adani Group is not exploring any form of collaboration with BYD for battery manufacturing in India.
Similarly, it categorically noted that they were not engaged in any discussions with Beijing Welion New Energy Technology for a partnership of any kind.
According to the report, which had cited unnamed sources, the Adani Group was exploring a tie-up with Chinese EV giant BYD Co, among others, including Welion New Energy Technology Co, which it claimed would allow the conglomerate to manufacture batteries in India and extend its push into clean energy.
— ANI
Reader Comments
I'm confused - first there are reports of tie-up, then denial. Why can't business news be more reliable these days? 🤔
Whether true or not, India needs to be careful with Chinese partnerships in strategic sectors like battery manufacturing. Data security is important!
As an expat living in India, I find this interesting. The battery tech sector is crucial for EV growth. Hope Indian companies can develop indigenous solutions quickly.
Bloomberg should verify facts before publishing. Such reports create unnecessary confusion in the market. Responsible journalism please!
Adani Group should consider collaborating with Indian startups working on battery tech instead. Many young companies are doing great work in this space!
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.