At a closed door meeting also attended by European carmakers, Chinese automakers alleged the EU anti-subsidy probe was a ploy to steal their business secrets

New guidelines aim to suppress the industry after years of over-expansion, which caused lithium prices to plunge more than 80% last year

Industry insiders say EU tariffs are unlikely to stop the expansion of Chinese EV exports, with carmakers likely to simply pass on higher costs to customers

World stocks retreated from record highs as China signalled it would respond to the EU's tariffs on its electric vehicle makers

The EC decision to hit Chinese EVs with extra tariffs is a move in the wrong direction, China said on Thursday, noting that EU states and carmakers oppose the move

Europe's additional tariffs on imported EVs are expected to kick off talks with Beijing to avoid a major trade conflict, which could spread to other sectors

China sat out of the global risk rally after a group of Republican lawmakers said battery companies CATL and Gotion should be banned from shipping goods to the US

Lawmakers say the US should ban imports from the battery-makers because their supply chains are linked to Xinjiang and 'deeply compromised'

Solid-state batteries hold the promise of improved safety, a longer lifespan and faster charging compared with conventional lithium-ion batteries, but mass adoption remains some way off

Stronger than expected consumer confidence data pushed US government bond yields to a near four-week peak, lifting their global counterparts

Plug-in hybrids priced from 79,800 yuan ($11,014) have made up the bulk of BYD's sales in the past three years

Analysts say China is using carrots and sticks to convince key European states to push back against hefty tariffs on Chinese electric vehicles