EV success built on price wars, Tesla

Going green: BYD EVs are seen at the port of Lianyungang in Jiangsu province. China’s need to bring down heavy pollution in cities played a crucial role in its EV policy. — China Daily

SHANGHAI: China became a world leader in electric vehicles (EVs) by showering companies with public cash. It’s a charge increasingly heard in the United States and Europe, and a refrain that’s central to the escalating trade war.

If it were only that simple, China would have champions in every industry, from aircraft to semiconductors.