Tesla and Chinese rivals signal EV price war truce in ‘socialist values’ pledge
Elon Musk’s Tesla has joined Chinese automakers in pledging to enhance “core socialist values” and compete fairly in the country’s car market after Beijing directed the industry to rein in a months-long price war.
Tesla and its biggest Chinese rival BYD were among 16 manufacturers to make the commitment in a letter signed at a motor industry conference in Shanghai on Thursday. It follows a battle among EV makers after Tesla slashed prices on its Model 3 and Model Y cars last October in the face of rising domestic competition.
周四在于上海举行的一个汽车行业会议上，包括特斯拉及其最大本土竞争对手比亚迪(BYD)在内的16家制造商联合签署一份公开信，做出了上述承诺。面对来自本土车企日益激烈的竞争，特斯拉(Tesla)去年10月大幅下调了Model 3和Model Y两款车型的售价，此后电动汽车制造商之间展开了一场价格战。
Tesla and Warren Buffett-backed BYD have been the chief beneficiaries, boosting sales at the expense of a clutch of smaller rivals and some foreign brands. Both companies reported record sales in the second quarter.