styled-components: Styled-components version 5+ causes invalid hook call errors when trying to import styled-components based package

Environment

System:

• OS: macOS 10.15.2
• CPU: (12) x64 Intel® Core™ i7-8750H CPU @ 2.20GHz
• Memory: 231.07 MB / 16.00 GB
• Shell: 5.7.1 - /bin/zsh

Binaries:

• Node: 10.15.3 - /usr/local/bin/node
• Yarn: 1.21.1 - /usr/local/bin/yarn
• npm: 6.9.0 - ~/.npm-packages/bin/npm
• Watchman: 4.9.0 - /usr/local/bin/watchman

npmPackages:

• babel-plugin-styled-components: ^1.10.7 => 1.10.7
• styled-components: ^5.0.1 => 5.0.1

Description

I am trying to create an UI-kit like npm package using react and styled-components. For some weird reason starting from version 5.0.0 When I import the simplest package I get a react hook error. The same code works fine as an import in different package with styled-components version 4.4.1. Here is the UI component:

import React, { Component } from "react";
import styled from "styled-components";

const Test = styled.div`
  width: 100px;
  height: 100px;
  background-color: red;
`;

export default class DummyComponent extends Component {
  render() {
    return (
      <div>
        <Test />I am a dummy react npm module
      </div>
    );
  }
}

Here is how I import it in CRA default app:

import React from 'react';
import logo from './logo.svg';
import './App.css';
import Button from 'dummy-react-npm-module';

function App() {
  return (
    <div className="App">
      <header className="App-header">
        <img src={logo} className="App-logo" alt="logo" />
        <p>
          Edit <code>src/App.js</code> and save to reload.
        </p>
        <a
          className="App-link"
          href="https://reactjs.org"
          target="_blank"
          rel="noopener noreferrer"
        >
          Learn React
        </a>
        <Button>test</Button>
      </header>
    </div>
  );
}

export default App;

This is the error I get with v5.0.1:

The issue does seem related to this one #3037 and this PR #2390

Expected Behavior

The library should work correctly as an import and not cause react hook errors.