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Analysts say the rapid growth is expected to further fuel Hongqi's efforts to reshape its brand, deliver innovation in styling, and accelerate research and development of products and technologies.

Analysts said that to resolve the current trade disputes, the two countries should shift their focus to making the economic pie bigger in order to benefit both, as the two economies are complementary.

Andres Ortega, a senior researcher at the Elcano Royal Institute in Spain, said China-EU collaboration in third-country markets is particularly important in the context of strengthening Belt and Road connectivity.

Analysts said as soon as there are new and reasonable choices, it is inevitable that some of CATL's current customers will start to do business with other battery makers as well to prevent putting all their eggs in one basket.

Analysts also pointed out enormous potential for the two countries to cooperate on other areas, such as the Belt and Road Initiative, and expect a closer China-Germany partnership to improve inclusive growth and global economic governance.