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South Korea's KOSPI index fell below 6,800 points, with the decline widening to 1.63%.

2026-08-28

South Korea's KOSPI index fell below 6,800 points, with the decline widening to 1.63%.

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2026-08-28

From data centers to hydroelectric power plants, battery giant CATL is betting on potential future growth engines following the electric vehicle (EV) boom. According to analysts, since June of last year, at least seven equity investment deals led by

From data centers to hydroelectric power plants, battery giant CATL is betting on potential future growth engines following the electric vehicle (EV) boom. According to analysts, since June of last year, at least seven equity investment deals led by CATL involving non-battery industries have been finalized, totaling over 17 billion yuan (approximately US$2.5 billion). These investments cover areas including humanoid robots, state-owned hydroelectric power plants, artificial intelligence data centers (AIDCs), and DeepSeek, a developer of large language models. Yang Jing, Director of Corporate Ratings for Asia Pacific at Fitch Ratings, stated, “As an industry leader, maintaining market share and profit margins requires identifying new high-growth frontiers as early as possible and seizing a first-mover advantage. AIDC (Autonomous Energy Distributed) possesses characteristics of high growth and high barriers to entry, thus it is expected to become the ‘third growth curve’ after electric vehicles and energy storage systems. If the demand for energy storage related to AIDC grows as rapidly as expected, CATL’s investments around AIDC will help it further consolidate its market dominance in the post-electric vehicle era.” Regarding investments in hydropower stations, Lucas Zhang, Director of WaterRock Energy Economics, a Hong Kong-based consulting firm, stated that these projects can provide CATL with lower-priced green electricity, helping the company reduce its carbon footprint to meet EU regulations and its own decarbonization goals. CATL may also become more deeply involved in the construction of industrial parks aiming for zero carbon emissions in the future, as battery energy storage systems are an important component of such projects.
2026-08-28

Tasnim news agency reports multiple explosions in Damascus, Syria.

Tasnim news agency reports multiple explosions in Damascus, Syria.
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