The group representing China's auto manufacturers has 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 signing was witnessed by an official from China's Ministry of Industry and Information Technology.
It appeared in doubt just a day later when Tesla said it was offering a referral payout equal to about $500 on its Model 3 and Model Y vehicles, including in China. Volkswagen's
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