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/deutschewelleenglish?sub_confirmation=1 For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews ►Instagram: https://www.instagram.com/dwnews ►Twitch: https://www.twitch.tv/dwnews_hangout Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch #China #Electicvehicles #carmanufacturers