Adani refutes collaboration with BYD report
The denial comes after Bloomberg reported that the port-to-power conglomerate was in talks with the two Chinese firms to collaborate on battery production initiatives in India. 'We categorically deny Bloomberg's report on 4 August 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,' said an Adani Group spokesperson on Monday.
The spokesperson added that the Group is 'not exploring any form of collaboration with BYD for battery manufacturing in India.' On Beijing Welion, Adani said, 'We are not engaged in any discussions with Beijing Welion New Energy Technology for a partnership of any kind.'
Gautam Adani, chairman of the Adani Group, was said to be personally steering the negotiations with BYD, with meetings reportedly taking place as recently as last week.
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