Adani Enterprises Denies Battery Tie-Up with Chinese Firms BYD and Welion

Adani Enterprises issued a strong clarification on Monday, denying reports of any planned partnership with Chinese electric vehicle and battery companies BYD Co. and Beijing Welion New Energy Technology Co. The company stated that the Bloomberg report, published on August 4, 2025, claiming such a tie-up, is “baseless, inaccurate and misleading.”

What Did the Bloomberg Report Claim?

The Bloomberg article titled "Adani Seeks Battery Tie-Up With BYD in Renewables Push" alleged that the Adani Group was exploring a collaboration with Chinese EV giant BYD to manufacture batteries in India. It also mentioned that Adani’s chairman, Gautam Adani, was personally involved in the early-stage talks with BYD executives.

The report further claimed that any potential deal would involve BYD’s subsidiaries in regions outside China, in light of diplomatic tensions between India and China. It also cited unnamed sources stating that Chinese firms offer the most advanced and affordable battery technology, making them attractive partners for Adani’s renewable energy ambitions.

Company’s Clear Denial

The Adani Group has clearly dismissed the claims, stating that it is not considering any collaboration with BYD for battery manufacturing in India, nor is it in talks with Beijing Welion New Energy Technology for any kind of partnership.

This statement comes at a time when India continues to impose strict controls on investments and technology collaborations with Chinese companies, particularly in key sectors such as energy and telecommunications.

Why Do the Rumours Matter?

The Adani Group has been aggressively expanding into renewables and clean energy, including solar panels, wind energy, and green hydrogen. Any partnership with Chinese companies in this space would likely attract heavy scrutiny from Indian regulators and political circles.

Read more: Adani Enterprises Q1FY26: Profit Falls 50% YoY, Incubating Businesses' EBITDA Up 5% YoY.

Conclusion

Adani Enterprises has strongly dismissed any claims of partnership with BYD or Welion, emphasising that no such talks are taking place. For retail investors tracking Adani Group stocks through a demat account, this clarification brings clarity amid rising speculation. The company remains focused on its renewable energy goals, but without collaboration with Chinese firms at this stage.

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