Chinese battery giant CATL spreads investments in search of new growth drivers

From data centres to hydropower stations, Chinese battery giant Contemporary Amperex Technology Limited (CATL) is placing investment bets on prospective growth engines following the electric vehicle (EV) boom, according to analysts. Since June last year, at least seven CATL-led equity deals involving a total of over 17 billion yuan (US$2.5 billion) have been announced in non-battery industries. The sectors involved span humanoid robots, state-owned hydropower stations, artificial intelligence...