A historic agreement designed to encourage fair competition and stabilise the Chinese electric vehicle (EV) market.

A four-point truce has been agreed to by Tesla and 16 Chinese manufacturers to put a stop to the protracted EV price war.

The signing ceremony was held today at Shanghai's esteemed China Auto Forum.

a huge step in the direction of bringing about industry harmony.

The best automakers in China, including BYD, Geely, and Xpeng Inc., teamed up with Tesla.

In reality, Tesla and BYD presently rule the global market for electric vehicles.

Tesla had experienced certain difficulties due to the fierce pricing rivalry among EV manufacturers.

  Unhappy customers criticised the business for its constantly shifting prices.