Type II Weyl semimetal, a three dimensional gapless topological phase, has drawn enormous interest recently. These topological semimetals enjoy overtilted dispersion and Weyl nodes that separate the particle and hole pocket. Using perturbation renormalization group, we identify possible renormalization of the interaction vertices, which show a tendency toward instability. We further adopt a self-consistent mean-field approach to study possible instability of the type II Weyl semimetals under short-range electron-electron interaction. It is found that the instabilities are much easier to form in type II Weyl semimetals than the type I case. Eight different mean-field orders are identified, among which we further show that the polar charge density wave (CDW) phase exhibits the lowest energy. This CDW order is originated from the nesting of the Fermi surfaces and could be a possible ground state in interacting type II Weyl semimetals.
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