Recent experiments on type-II Weyl semimetals such as WTe2, MoTe2, MoxW1−xTe2, and WP2 reveal remarkable transport properties in the presence of a strong magnetic field, including an extremely large magnetoresistance and an unusual temperature dependence. Here, we investigate magnetotransport via the Kubo formula in a minimal model of a type-II Weyl semimetal taking into account the effect of a charge density wave (CDW) transition, which can arise even at weak coupling in the presence of a strong magnetic field because of the special Landau level dispersion of type-II Weyl systems. Consistent with experimental measurements we find an extremely large magnetoresistance with close to B2 scaling at particle-hole compensation, while in the extreme quantum limit there is a transition to a qualitatively new scaling with approximately B0.75. We also investigate the Shubnikov-de Haas effect and find that the amplitude of the resistivity quantum oscillations are greatly enhanced below the CDW transition temperature which is accompanied by an unusual nonmonotonous (non-Lifshitz-Kosevich) temperature dependence.
