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Adani Group denies reports of alliance with China's BYD, says no talks have taken place
Adani-BYD Deal: Adani Group on Monday clarified that it is not looking for any alliance with Chinese companies like BYD for battery manufacturing and clean energy technology. Let's know in detail what else the company said.
Adani Group on Monday clarified that it is not seeking any tie-up with Chinese firms like BYD for manufacturing batteries and clean energy technology. In a notice provided to the stock exchange, the group flagship firm Adani Enterprises Limited stated that the reports of tie-up with Chinese firms BYD and Beijing Weilian New Energy Technology are incorrect.
Adani Group said, "Adani Group is not exploring any possibility of collaboration with BYD for battery manufacturing in India. Similarly, we are not in any discussion for any kind of partnership with Beijing Weilian New Energy Technology."
Reports claimed that group chairman Gautam Adani was "personally leading discussions" with BYD executives to make batteries in India and further its efforts in the clean energy space. The group has a vast portfolio of clean energy - ranging from solar module manufacturing to wind power equipment and green hydrogen.
