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Tesla, rivals signal truce in brutal EV price war

Tesla
Tesla began reducing 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. (BLOOMBERG)
B
By:
Bloomberg
July 06, 2023 10:48 AM

Tesla Inc. and China’s top automakers pledged to maintain fair competition and avoid “abnormal pricing” in the world’s biggest EV market, signaling a possible end to a price war that’s rattled the industry this year.

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