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Microvast – XtremeCuztoms

Tag: Microvast

House Digs Deeper Into Chinese-Owned Battery Company’s Rescinded Grant From Biden DOE

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…


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

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…


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

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…