Allegations of partnership between Adani Group and BYD from China are rejected by Adani Group.
Adani Group Denies Collaboration with Chinese Companies for Battery Manufacturing
In a statement issued by an Adani Group spokesperson, the Indian conglomerate has categorically denied any collaboration or tie-up with Chinese companies BYD and Beijing Welion New Energy Technology regarding battery manufacturing or any other partnership in India.
The denial comes in response to media reports published around August 4, 2025, notably from Bloomberg, which claimed ongoing talks between Adani and the two Chinese firms. The Group has labelled these reports as "baseless, inaccurate and misleading."
Specifically, the Adani Group confirmed that it is not exploring any collaboration with BYD for battery production in India. Similarly, no discussions are ongoing with Beijing Welion New Energy Technology for any partnership. Despite media claims that the Adani chairman Gautam Adani was personally leading talks with BYD, the Group denies any such engagements.
The Adani Group is a diversified entity, with interests in aerospace and defence, data centres, real estate, and various energy sectors. They manage the most highly integrated energy business, including thermal and renewable generation, transmission, distribution, LNG, LPG, CNG, PNG, battery storage, hydrogen trucks, EV charging stations, pumped hydro, and mining.
The Group is planning a capital expenditure investment of nearly $100 billion over the next five years, marking an unprecedented scale and pace in India's private sector history. This investment will further bolster the Adani Group's position as a leading player in the Indian market.
It is important to note that the headline of this story has not been edited by the website staff, and the information provided is published from a syndicated feed. The Bloomberg report, published on August 4, 2025, claimed that the Adani Group was exploring a tie-up with Chinese EV giant BYD Co for battery manufacturing in India. However, according to the Adani Group spokesperson, this is not the case.
The Adani Group is India's second-largest and most efficient cement manufacturer, further demonstrating its commitment to various sectors of the Indian economy. The Group continues to expand its clean energy initiatives independently, according to recent statements on other business segments, but without involving BYD or Beijing Welion.
In contrast to speculations, the Adani Group affirms no collaboration or finance-based initiatives with Chinese companies BYD and Beijing Welion New Energy Technology for battery manufacturing, as stated in their recent denial. Instead, the Adani Group is independently investing in various business sectors, including finance, energy, and other industries, with a planned capital expenditure of nearly $100 billion over the next five years.
