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

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.

Subscribe: https://www.youtube.com/user/deutsche...

For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook:   / deutschewellenews  
►Twitter:   / dwnews  
►Instagram:   / dwnews  
►Twitch:   / dwnews_hangout  
Für Videos in deutscher Sprache besuchen Sie:    / dwdeutsch  
#China #Electicvehicles #carmanufacturers