Adani Group Rejects Bloomberg Claims of Talks With Chinese Battery Giants BYD, Beijing Welion

Aug, 7 2025

Adani Clears the Air on Chinese Collaboration Rumors

The Adani Group has set the record straight after a Bloomberg article stirred up the business world by hinting at secretive talks between Adani and China’s battery powerhouses BYD and Beijing Welion. Rumors started buzzing after Bloomberg reported that Adani was allegedly chasing Chinese expertise to get ahead in India’s clean energy race. According to that coverage, Adani’s top boss, Gautam Adani, was even said to be at the table with BYD leaders, aiming for a deal that could give Adani access to cutting-edge, affordable battery tech.

All of this was news to Adani Group. They lost no time shooting down the story—first via a formal filing on the stock exchange and then directly to the media. The message? There’s no partnership in the works with BYD, Beijing Welion, or any other Chinese battery player. No backroom deals, no advanced-stage talks, not even a friendly chat over coffee. They wanted to be clear, especially because anything involving China is a touchy subject in India’s current political climate.

What’s Driving the Battery Business Buzz?

So why the speculation in the first place? BYD and other Chinese firms make some of the world’s most inexpensive, reliable batteries, especially for electric vehicles and renewable energy storage. China dominates this space, which makes its technology tempting for anyone wanting to step up clean energy plans quickly and cheaply. Bloomberg’s scoop leaned on the idea that Adani might need China’s tech edge to catch up with its ambitious renewables targets.

But Adani Group isn’t biting. In their response, they stressed that their plans put a premium on sourcing battery and energy tech from alternatives outside China. Costs matter, sure, but so do politics. India and China haven’t had the friendliest relations lately, so any big deal with a Chinese partner faces a steep regulatory climb and plenty of scrutiny.

Meanwhile, Adani’s green push shows no sign of slowing down. The group is already elbow-deep in expanding solar module output, with a 10-gigawatt annual target, and ramping up wind turbine production to a 5-gigawatt capacity. Not to mention, they’re making serious moves in green hydrogen—a field that’s drawing massive interest for fueling factories, transport, and even cooking in the near future. Their current infrastructure playbook is thick with projects about to go live, which is a big deal for their bottom line.

Want proof? Just look at the latest earnings: the group’s airport business alone saw a massive 61% jump in EBITDA compared to last year. It’s clear they’re not just dabbling—they’re putting real money behind becoming a heavyweight in each sector they enter.

The buzz around Adani’s battery ambitions isn’t going to die down anytime soon. But for now, the doors to any major Chinese partnership remain firmly closed, at least according to Adani’s public stance.