I'd rather take the bus.
Maybe so, but truth is, these cars will sell like hotcakes.
I wonder if the same safety tests are required on these cars as on other cars?
Take the bus if you can. But buses don't take you anywhere you want to go. If it is safety you're concerned about, remember that there are stringent ways of determining wether or not a vehicle is considered fit for the American market. Yes, this is a cheap car. But the Chinese designers are smart enough to know about quality improvement.
In this case, the Chinese come up with something that other manufacturers can build, too. It would have been more useful if they design a small car with a more impressive fuel efficiency. After all, as the Chinese (AND the Indians) are making more money on average, the number of cars on their roads will increase accordingly. Bearing in mind that they import most of their energy and the climate in the Middle East is not yet as stable as would be desirable, they will be subject to the ever-present oil price fluctuations, and , eventually, scarcity of oil.