Adani Seeks Battery Tieup With BYD in Renewables Push

The Adani Group is exploring a tieup with Chinese EV giant BYD Co. that would allow billionaire Gautam Adani’s conglomerate to manufacture batteries in India and extend its push into clean energy, according to people familiar with the matter.

Adani is personally heading discussions with BYD executives, which have taken place as recently as last week, one of the people said. Wary of diplomatic tensions between Beijing and New Delhi, any tieup will be signed with BYD’s subsidiaries in countries in the region, and not with its headquarters in Shenzhen, the people said, asking for anonymity to discuss private matters.