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India's Adani Group Negates Collaboration with BYD
India's Adani Group is in advanced negotiations with BYD COMPANY (01211.HK) for a strategic partnership to promote the development of India's battery manufacturing industry...
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India's Adani Group Negates Collaboration with BYD
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India's Adani Group is in advanced negotiations with BYD COMPANY (01211.HK)  -0.700 (-0.624%)    Short selling $456.08M; Ratio 18.326%   for a strategic partnership to promote the development of India's battery manufacturing industry.

Adani Group vigorously refuted these claims, stating that the reports are baseless, inaccurate, and misleading, and emphasizing that there are currently no considerations or discussions regarding collaboration with BYD or Beijing Welion New Energy Technology.

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Adani Group intended to collaborate with BYD to harness the latter's lithium iron phosphate (LFP) and blade battery technology to establish a super factory and advanced energy storage solutions, sources divulged.

The deal might take the form of a joint venture or technology-sharing agreement, aligning with Adani Group's overall strategy to enter the electric vehicle and renewable energy sectors.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-06 12:25.)

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