Tag: Microvast

House Digs Deeper Into Chinese-Owned Battery Company’s Rescinded Grant From Biden DOE

June 22, 2023
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House Republicans have voiced worries about the Biden administration’s energy-related spending, questioning a Department of Energy (DOE) official about how a Chinese-owned battery manufacturer was on pace to get hundreds of millions in taxpayer money before the Biden administration yanked the money away last month. That company, Microvast, somehow qualified for a $200 million grant…

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DOE Pulls Plug on Chinese-Owned Company’s Grant Application Months After Alarm Raised

May 24, 2023
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The U.S. Department of Energy (DOE) was never quite clear on why it allowed a Texas subsidiary of a Chinese-owned battery manufacturer to qualify as a grant applicant, even after the company’s links to the Chinese Communist Party (CCP) were revealed during the department’s own vetting process. The DOE was equally opaque in curtly announcing…

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DOE Funding CCP-Linked Company ‘Endangers Our National Security’: Barrasso

December 8, 2022
biden administrationCCPChinaChina Business & EconomyDOEExecutive BranchFinance & Business TiesInfiltrating the WestInternational RelationsMicrovastNational SecurityPolicies & ImpactsPoliticsSpecial TopicsTech CompetitionUSUS NewsUS-China relations
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The Department of Energy is under fire for allegedly undermining U.S. national security by giving hundreds of millions of dollars to a company with ties to the Chinese Communist Party. At the heart of the controversy is the DOE’s decision to award $200 million to Microvast Holdings, a U.S.-based lithium battery company that does most…

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