Rival automakers are concerned about the growing popularity of Chinese EVs, so we drove them to investigate.
The U.S. auto industry is facing an "existential threat" from Chinese electric vehicles, according to trade groups.
Chinese automakers are looking to increase their exports of vehicles abroad due to a growing preference for hybrids at home and a brutal price war, according to research firm Dunne Insights.
"Seeing Chinese cars on American roads is difficult because they are not commonly found here," said Michael Dunne, founder and CEO of Dunne Insights. "However, I can assure you that if you travel to Australia, Mexico, Brazil, Israel, or South Africa, you will see Chinese cars everywhere."
Despite China's advancements towards its EV objectives, the Tesla Model Y emerged as the world's best-selling vehicle in 2023, according to JATO Dynamics. Additionally, it holds the top sales rank for EVs in the U.S. and is among the nation's leading sellers overall.
What is the comparison of Chinese EVs to the world's top seller, as tested by CNBC Beijing bureau chief Eunice Yoon on four models, including the Model Y? Additionally, the article provides insight into how non-China rivals might compete against them.
Watch the video to learn more.
Business News
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