Despite stalled talks between both the sides, it is unlikely that Beijing would want to torpedo its ties with the EU given its trade with the US is already hurt by geopolitics

Shenzhen-listed shares of the carmaker were up 5.74% at close of trade on Monday, while its Hong Kong-listed stock was up 3.53%

The directive comes as, starting Wednesday, Chinese electric vehicles heading to Europe will be subject to tariffs as high as 45.3%

Freevoy is the world's first hybrid battery with a range of over 400km (249 miles), CATL's chief technology officer Gao Huan said

The agency expects carmakers to continue working towards making cheaper and innovative EVs — with China firmly in the lead. It also predicts a hit to Europe’s GDP from the EV transition

The EU is attempting to hold talks with some EV-makers outside of official channels, shaking “the foundation and mutual trust of the negotiations,” Beijing says

Electric vehicle sales in China 'could be a record every month until the end of the year'

Stellantis CEO Carlos Tavares says the EU's hefty tariffs will push Chinese carmakers to build facilities in Europe – and that could add to the problem of China's industrial overcapacity

Trade tension has clouded the longer-term outlook for carmakers and created a level of uncertainty in the industry, the CEO of TomTom digital mapping group said

In a bid to avoid hefty tariffs China proposed that its EVs would be sold at a minimum of 30,000 euros ($32,946), but EU officials said no

EU votes to impose hefty tariffs on Chinese EVs, but says it will continue to talk with Beijing; a possible compromise could be arranged by setting minimum sales prices

The European Commission looks to have gathered enough support for its planned tariffs to go through, despite pushback from major automakers and key bloc members