Tesla factor and price wars drive China’s EV success story

News Snapshot:

(Bloomberg) — China became a world leader in electric vehicles by showering companies with public cash. It’s a charge increasingly heard in the US and Europe, and a refrain that’s central to the escalating trade war. Most Read from Bloomberg If it were only that simple, China would have champions in every industry, from aircraft to semiconductors. The unique rise of China’s EV makers, which are rapidly taking over the world despite Western politicians’ efforts to block them, holds lessons for other countries about how industrial policy can succeed. While Beijing plowed in plenty of money after identifying EVs as...