Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
India's Adani Group Negates Collaboration with BYD
Recommend 9 Positive 8 Negative 4 |
||||
|
||||
|
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. 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. 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. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
