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Carmakers sign agreement to end price war in China (update)
Tesla kickstarted the price war, and not without success as it reported a record second quarter this year /Tesla
Sixteen carmakers committed at Shanghai Auto Forum to fend off the ongoing price war in China. Among the underwriters was also the brand that kickstarted the spiral: Tesla. The agreement was an intention of good faith, not legally binding. Two days later, the deal was withdrawn, without any publicity, by the Chinese Association of Automotive
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