India's largest conglomerate Reliance Industries is in talks with Chinese battery giant CATL (03750.HK) +11.000 (+1.660%) Short selling $705.82M; Ratio 22.420% and other global suppliers regarding the procurement of components for battery energy storage systems (ESSs), Chinese media reported, citing sources.Analysts noted that the negotiations could pave the way for Reliance to secure a second major source of battery components for its soon-to-be-operational plant in Jamnagar, Gujarat.Related News HSBC Research Favors BYD COMPANY (01211.HK), GEELY AUTO (00175.HK), XPENG-W (09868.HK), NIO-SW (09866.HK) and CATL (03750.HK); Exports Offset Weak Domestic DemandCATL last quoted at HKD661.5, down 1.93%, with a turnover of 2.807 million shares, involving HKD1.843 billion. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-21 16:25.)
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