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Thursday's CAAM-organised pledge by the companies, including
Chinese electric vehicle (EV) makers Nio, Li Auto and Xpeng, had
been interpreted by some as signalling a truce in a price war
that has threatened industry-wide profitability.
But Elon Musk's EV giant Tesla on Friday rolled out a global
programme letting buyers get extra incentives through referrals
from existing customers, a strategy long used by traditional
automakers to boost sales.
In a statement on its website on Saturday, CAAM said it
recognised the pricing pledge had violated China's antitrust law
and said it would delete it from a list of commitments the
automakers had signed, witnessed by an official from Ministry of
Industry and Information Technology.
CAAM said it would urge the 16 companies and other association
members to strictly comply with the antitrust law and compete
fairly with independent pricing.
(Reporting by Zhang Yan and Brenda Goh; Editing by William
Mallard)
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