Carmakers including SAIC Motor, GAC Group, BYD Company and Tesla signed a Letter of Commitment to Maintain Auto Market Order during the China Automotive Forum on Thursday, in order to maintain a good order in China’s auto market, jointly create a good auto consumption environment and actively stabilize and promote auto consumption.
Other automakers that also signed the letter include Nio, Xpeng Motors, Li Auto, Geely Auto, Great Wall Motor, BAIC Motor, and Dongfeng Group.
The carmakers promises not to disturb the market order with abnormal prices, not to use exaggeration and misleading information in marketing.