Adani Group denies reports of tie-up with BYD and Beijing Welion

Business Upturn

13 hours ago

The Adani Group has strongly refuted a Bloomberg report published on August 4, 2025, which claimed the conglomerate was in advanced talks with China's BYD for a strategic partnership to boost battery manufacturing in India.
According to Bloomberg, the proposed collaboration aimed at setting up gigafactories and advanced energy storage solutions using BYD's LFP and Blade battery technologies. The report suggested that the deal could take the form of a joint venture or a technology-sharing agreement, aligning with Adani's broader push into electric mobility and renewables.
Bloomberg also highlighted ongoing geopolitical tensions, stating that any such tie-up would likely face government scrutiny in India due to increased foreign direct investment (FDI) restrictions on Chinese firms. BYD executives were reportedly encountering visa hurdles, which added further complexity to the potential deal.
However, Adani Group has categorically denied these claims. In a sharp rebuttal, the company called the report 'baseless, inaccurate, and misleading,' stating that no collaboration—either with BYD or Beijing Welion New Energy Technology—is being considered or discussed.
'The Adani Group is not exploring any form of partnership with BYD for battery manufacturing in India. Similarly, we are not engaged in any discussions with Beijing Welion New Energy Technology,' the group clarified in an official statement.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com