Key Points
Tesla and 15 other automakers, including BYD, Nio, Xpeng, Geely and Chery Automobile, have pledged to avoid a price war and maintain fair competition in the world's biggest EV market, China..
Tesla Inc. and Chinas top automakers pledged to maintain fair competition and avoid abnormal pricing in the worlds biggest EV market, signaling a possible end to a price war thats rattled the industry this year...
The Austin, Texas-based electric-vehicle maker started cutting prices in China late last year, prompting other major brands to join in with steep discounts in the earlier part of 2023 as sales slowed...
Among EV makers, Elon Musks Tesla and BYD, Chinas biggest car brand, were at the forefront of the price war in the cut-throat market..
Adhere to industry rules and regulations, regulate marketing activities, maintain fair competition and not disrupt fair competition with abnormal pricingPay attention to marketing and publicity methods, not exaggerate or use false publicity to attract attention or gain new customersPut quality first, improve lives with high-quality products and servicesPromote core socialist values, actively fulfill social responsibilities, and take on the heavy responsibility of maintaining steady growth, strengthening confidence and preventing risks..
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