Adani Group Refutes Reports Of Battery Manufacturing Tie-Up With Chinese Firms BYD, Welion

The Adani Group has categorically denied media speculation about a potential partnership with Chinese electric vehicle (EV) and battery manufacturing firms BYD and Beijing Welion New Energy Technology.

The denial comes in response to a newswire report published on August 4, 2025, which claimed that the Indian conglomerate was in talks with the two companies to collaborate on battery production initiatives in India.

In a statement issued during Monday, an Adani Group spokesperson said, “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.”

The spokesperson further clarified that the Group is “not exploring any form of collaboration with BYD for battery manufacturing in India.” On Beijing Welion, the statement was equally unequivocal: “We are not engaged in any discussions with Beijing Welion New Energy Technology for a partnership of any kind.”

The Gautam Adani-led Group, one of India’s most prominent conglomerates with interests spanning energy, infrastructure, and logistics, has been expanding its clean energy portfolio over the last few years. In 2022, it announced plans to invest over $70 billion in renewable energy projects, including green hydrogen, solar, and wind.

Based on the earlier announcements, reports of a potential battery partnership with global EV leader BYD and Beijing Welion — known for its work in solid-state battery technologies — had created a lot of speculation. However, the Group’s categorical denial now puts an end to those speculations.

Also Read: Adani Green Energy Surpasses 15,000 MW Operational Capacity, Sets New Benchmark in Renewable Energy | Republic World

Geopolitical tensions

As per industry analysts, collaborations involving Chinese firms in strategic sectors such as EVs, telecom, and energy storage remain a politically sensitive issue in India. Since 2020, India has adopted a cautious stance on Chinese investments, particularly in areas considered vital to national security and economic self-reliance, stated analysts tracking the sector.

Any reports of alliances with Chinese technology companies often face heightened scrutiny from both regulators and the public, especially amid ongoing border tensions between the two nations.

Adani's Clean energy plans

While the Adani Group has notched up several strategic partnerships in the clean energy domain — including joint ventures with TotalEnergies of France — it appears intent on building its battery storage capabilities either independently or through alliances with non-Chinese firms, as per industry observers.