Adani Calls Bloomberg’s BYD Tie-Up Report Baseless; Clarifies No Chinese Collaboration

The Adani Group has issued a firm denial of a media report suggesting a collaboration with Chinese companies BYD and Beijing Welion New Energy Technology.

The report, published by Bloomberg on 4 August 2025, claimed that the Indian conglomerate is exploring a partnership with BYD to manufacture electric vehicle batteries in India.

In an official statement released on Monday, a spokesperson for the Adani Group described the claims as ‘baseless, inaccurate and misleading’.

The company clarified, “We categorically deny Bloomberg’s report suggesting a tie-up between the Adani Group and Chinese companies BYD and Beijing Welion New Energy Technology. We are not exploring any such collaboration.”

Addressing the specific claims, the Group said it is not involved in any discussion with BYD regarding battery manufacturing or clean energy collaboration.

Similarly, it rejected any form of engagement with Beijing Welion New Energy Technology.

The spokesperson reiterated, “We are not in talks with either company for a partnership of any kind.”

The report had suggested that such a partnership would support the Adani Group’s expanding clean energy ambitions, especially in battery manufacturing and electric vehicle infrastructure.

However, the Group made it clear that its strategic initiatives remain independent of any involvement with Chinese firms.

Ongoing Expansion Plans

Despite the denial, the Adani Group continues to pursue one of the largest capital expenditure programmes in India’s private sector history.

The Group is set to invest nearly $100 billion over the next five years, focusing on infrastructure, energy transition, and industrial growth.

Currently, the conglomerate operates one of India’s most integrated energy businesses.

Its portfolio includes thermal and renewable power generation, energy transmission and distribution, battery storage, LNG, LPG, hydrogen fuel, EV charging stations, and mining.

The Group is also making strides in sectors such as aerospace and defence, data centres, cement manufacturing, and real estate.

The denial comes at a time when Indian industrial players are under increasing scrutiny over foreign collaborations, especially with companies from China.

As one of India’s leading business groups, Adani’s clarification seeks to reinforce transparency and protect investor confidence amid rapid sectoral growth.

While the Group continues its aggressive investment strategy in clean energy and industrial infrastructure, it remains committed to doing so on its own terms—without external tie-ups that could compromise its independence or national sensitivities.

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