CATL Stock Today: How Contemporary Amperex Technology’s Class A Shares Are Reacting to the Spain Gigafactory, Stake Sale and New Growth Drivers (27 November 2025)

On 27 November 2025, Contemporary Amperex Technology Co., Limited (CATL, Shenzhen: 300750) ended a news‑packed session slightly lower, as traders weighed a €4.1 billion battery plant in Spain with Stellantis, a major 1% stake sale by co‑founder Huang Shilin, and fresh bullish forecasts for truck electrification — all against a backdrop of new digital‑energy initiatives in China and evolving lithium supply dynamics. ^[1]

CATL Class A Stock on 27 November 2025: Price, Volume and Valuation

By the close of trading in Shenzhen on Thursday:

Closing price:¥371.20 per share
Daily move: down 0.43% (‑¥1.62)
Intraday range: ¥370.00 – ¥378.88
Open: ¥373.00
Previous close (26 Nov): ¥372.82
Market capitalisation: ~¥1.69 trillion
Trailing P/E (TTM): around 26.6x
52‑week range: roughly ¥203.57 – ¥424.36 ^[2]

The modest pullback suggests investors are still digesting a powerful mix of long‑term capacity expansion news and near‑term supply overhang from insider selling, rather than reacting with panic or euphoria.

Spain’s €4.1 Billion LFP Battery Plant with Stellantis Steals the Headlines

The biggest catalyst for CATL today is the official groundbreaking of a lithium iron phosphate (LFP) battery plant in Spain, via a 50:50 joint venture with Stellantis.

Key details of the Spain project

According to multiple reports from Xinhua, China Daily and European and Spanish business outlets: ^[3]

The plant will be built in Figueruelas, in Spain’s northeastern Aragón region, near Zaragoza.
Total investment: around €4.1 billion (about ¥336 billion).
Ownership: CATL and Stellantis each hold 50% through a dedicated JV.
Technology: LFP cells and modules for electric cars, crossovers and SUVs in Stellantis’ B‑ and C‑segment platforms in Europe.
Capacity: planned 50 GWh annual output once fully ramped.
Timeline:
- Construction now underway (groundbreaking held locally on 26 November, reported globally on 27 November).
- Initial production targeted around late 2026, with ramp‑up continuing toward 2030.
Support: the project has secured over €300 million in EU funding, and will run entirely on renewable energy, in line with EU decarbonisation goals. ^[4]

Spanish officials have framed the plant as a flagship industrial policy win, calling it one of the country’s largest‑ever Chinese industrial investments and a crucial pillar of Europe’s “re‑industrialisation” drive and EV transition. ^[5]

The 2,000‑worker controversy

The project is also stirring political debate:

Multiple European and Chinese outlets report that around 2,000 Chinese workers will be sent to Spain during the construction and equipment‑installation phase, with about 3,000 local jobs expected as the plant scales. ^[6]
Trade unions and some EU policymakers worry this could underscore Europe’s growing dependency on Chinese battery know‑how, and revive calls for tighter FDI and labour rules, including local hiring and tech‑transfer requirements. ^[7]

From a stock perspective, the Spain plant is clearly strategic and long term:

It locks in Stellantis — one of Europe’s largest automakers — as an anchor customer.
It strengthens CATL’s positioning as Europe’s go‑to high‑volume battery supplier, even as Brussels tries to curb over‑reliance on Chinese technology.
The controversy around imported workers highlights a non‑trivial political and regulatory risk, which can influence valuation multiples, particularly for ESG‑sensitive global investors.

At today’s close, the market’s reaction looks measured rather than euphoric: investors seem to recognise the multi‑year earnings optionality while also discounting near‑term geopolitical and sentiment noise.

Co‑founder Huang Shilin’s 1% Stake Sale: Overhang or Vote of Confidence?

Another major story today is the confirmed 1% stake sale by CATL co‑founder and long‑time technical leader Huang Shilin.

According to a detailed filing and coverage by Sina Finance: ^[8]

Huang transferred 45,632,363 A‑shares, equal to 1.00% of CATL’s total share capital.
The inquiry transfer price was set at ¥376.12 per share, slightly below the then‑market price.
Total cash raised: around ¥171.63 billion (roughly US$24 billion equivalent).
After the sale, Huang and his concert‑party group’s stake falls from about 10.29% to 9.29%.
The block was allocated to 16 institutional investors, including:
- UBS AG
- J.P. Morgan Securities
- BNP Paribas
- Nomura Singapore
- Citigroup Global Markets
- Several major Mainland Chinese fund managers and securities firms

Huang has already exited day‑to‑day management roles, and the stated reason for the transfer is personal funding needs, not a change in CATL’s strategic direction. ^[9]

Why it matters for the share price:

In the short term, a sizeable insider sale often creates supply overhang and can pressure the stock, especially after a strong run.
However, the fact that demand for the block was reportedly more than three times oversubscribed, and that the final buyers are a mix of global and domestic institutions, signals continued institutional confidence in CATL’s long‑term story. ^[10]

Today’s mild decline in the A‑share price suggests the overhang is being absorbed without panic, but investors will continue to monitor whether further insider sales emerge and how the H‑share (3750.HK) trades relative to A‑shares. ^[11]

Truck Electrification: Morgan Stanley Flags a New Growth Engine for CATL

While the Spain JV dominates headlines, sell‑side research is also shaping sentiment today.

A widely circulated note, summarised by WallstreetCN and Chinese brokers, says Morgan Stanley expects truck electrification to become a key growth pillar for CATL: ^[12]

The bank forecasts around 23% year‑on‑year growth in CATL’s EV battery business in 2025, largely driven by accelerating commercial‑vehicle and truck electrification.
This is seen as offsetting a slowdown in passenger EV growth, which has concerned investors across the EV value chain.
Morgan Stanley maintains an “Overweight” rating on CATL, with a target price of ¥490, implying roughly 30% upside versus the recent A‑share level around ¥372–¥373 at the time of the report.

For the stock, this matters because it broadens the narrative:

CATL is no longer just a play on Chinese passenger EV demand, but on global electrification of logistics and heavy transport, where battery packs are large and recurring replacement cycles can be attractive.
It supports the idea that the current mid‑20s P/E could be justified if CATL sustains high‑teens to low‑20s earnings growth over the medium term. ^[13]

New Nanjing Subsidiary: Expanding into IoT and Energy Monitoring

On the domestic front, CATL is quietly laying foundations for digital‑energy and IoT‑driven services.

Chinese corporate registry and local financial media report that CATL has recently set up Nanjing Runshi New Energy Co., Ltd. (南京润时新能源有限公司): ^[14]

The new company’s business scope includes online energy‑monitoring technology R&D, Internet of Things (IoT) solutions, and related energy‑management services.
It fits into CATL’s broader ambition to move up the value chain from selling cells and packs toward full‑stack energy‑solutions, including storage, monitoring, optimisation and potentially grid‑services.

While this entity is too small to move the stock on its own, for medium‑term investors it underscores a key point: CATL is positioning itself not just as a battery manufacturer, but as a diversified energy‑technology platform, which may command a higher structural multiple if execution is strong.

Lithium Supply and Mine Restart Plans: A Subtle but Important Backdrop

Another piece of context for CATL stock is its control over lithium supply.

Recent lithium‑sector commentary notes that CATL is working toward restarting a major lithium mine in Jiangxi, China by early December, after an earlier halt that had tightened supply and supported lithium prices. ^[15]

A restart would strengthen CATL’s upstream self‑sufficiency, potentially supporting margins in EV and storage batteries.
However, it could also relieve some of the tightness in lithium markets, affecting miners and price expectations.

For CATL shareholders, the key takeaway is that the group continues to actively manage its raw‑material exposure, which is crucial in a cyclical commodity environment.

Energy Storage and Global Footprint: The Bigger Strategic Picture

Beyond EV batteries, CATL’s energy‑storage business is becoming a more visible earnings driver.

A feature in Chinese financial media today highlights that: ^[16]

CATL has publicly announced over 47.6 GWh of storage orders in 2025 year‑to‑date.
Industry data (from SNE and others) show CATL’s global storage battery market share at around 36–37% in 2024, marking at least four consecutive years at No. 1.
In 2024, energy storage systems contributed roughly ¥57.3 billion in revenue, or nearly 16% of CATL’s total, with storage gross margin (~26.8%) surpassing that of power batteries (~23.9%).

Combine that with the new Spain plant, ongoing European projects in Hungary and elsewhere, and today’s push into Nanjing’s digital‑energy sphere, and you get a company that is:

Deepening its European industrial presence,
Scaling high‑margin storage, and
Building a more diversified, global earnings base than a pure China EV supplier.

What Today’s News Means for CATL Stock

Putting all of 27 November’s headlines together, the picture for CATL’s Class A shares (300750.SZ) looks like this:

Key supportive factors

Long‑term capacity growth in Europe
The €4.1 billion Spain LFP plant locks CATL into Stellantis’ European EV roadmap, with 50 GWh of planned capacity and strong political backing in Spain and Brussels. That’s a multi‑year revenue and profit driver once online. ^[17]
Diversified demand beyond passenger EVs
Morgan Stanley’s thesis that truck electrification can offset slower passenger EV growth gives investors a new structural growth leg to model, supporting valuations above those of more narrowly focused peers. ^[18]
Energy‑storage leadership and digital‑energy expansion
Rising storage shipments, higher storage margins and new IoT/monitoring initiatives (like the Nanjing entity) reinforce CATL’s positioning as a full‑stack energy company, not just a battery cell maker. ^[19]
Strong institutional appetite despite insider selling
The fact that a ¥171.6 billion block can be placed entirely with institutions — including global banks and major domestic funds — suggests deep liquidity and ongoing institutional conviction in CATL’s fundamentals. ^[20]

Key risks and overhangs

Insider‑sale optics and potential further supply
Even if motivated by personal needs, a large sale by a high‑profile co‑founder inevitably raises questions about valuation and timing. Any additional disposals could create episodic pressure.
Political and regulatory risk in Europe
The Spain plant is already under scrutiny for its planned use of 2,000 Chinese workers, and more broadly for symbolising Europe’s tech dependence on China. Regulatory shifts in EU industrial policy, FDI screening, or labour rules could raise costs or slow expansion. ^[21]
Commodity price and demand cyclicality
Lithium‑mine restarts, macro cycles and EV‑demand volatility can still whip‑saw margins and investor sentiment, even for a dominant player. ^[22]
Valuation sensitivity
With CATL trading at roughly mid‑20s earnings multiples after a strong multi‑year run, the stock is not immune to multiple compression if growth disappoints or policy headwinds escalate. ^[23]

Short‑Term Takeaways for 27 November 2025

Price action: CATL’s Class A shares closed slightly lower at ¥371.20, suggesting that today’s mix of very positive strategic news (Spain plant, storage momentum, truck electrification) and less comfortable headlines (stake sale, labour controversy) has netted out to a cautious but stable market view. ^[24]
Narrative: The company continues to evolve from a China‑centric EV battery champion into a global energy‑technology heavyweight, with Europe becoming an ever more important theatre — and risk factor.
For investors: none of today’s news removes the fundamental questions around EV demand, policy risk and valuation, but it reinforces CATL’s centrality to EV and storage supply chains in Europe and beyond.