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China's domestic carmakers re-ignite EV price-war | DW News

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China's auto manufacturers retracted a pledge to avoid "abnormal pricing" that it had brokered between 16 automakers, including Tesla, breaking off a truce in a brutal price war over electric vehicles.

The China Association of Auto Manufacturers (CAAM) said in a statement on Saturday it recognized the agreement had violated China's antitrust law and would retract it.

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#China #Electicvehicles #carmanufacturers
Category
Europe
Tags
DW News, china cars, china car prices
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