We drove Chinese EVs to see why rival automakers are worried
Trade groups say Chinese electric vehicles pose an "existential threat" to the U.S. auto industry.
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Trade groups say Chinese electric vehicles pose an "existential threat" to the U.S. auto industry.
The Chinese auto sector is increasingly making global automakers and politicians hot under the collar.
American automakers and their non-Chinese counterparts are fighting an existential battle, as local rivals in China outpace them.
In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world's largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at unbeatable prices, and chief among them is Warren Buffett-backed BYD.
China’s BYD was a battery manufacturer trying its hand at building cars when it showed off its newest model in 2007. American executives at the Guangzhou auto show gaped at the car’s uneven purple paint job and the poor fit of its doors.