Energy Department Rescinds $200 Million Grant for Microvast | China In Focus

Energy Department Rescinds $200 Million Grant for Microvast | China In Focus​

The #EnergyDepartment is pulling a $200 million grant from #battery company Microvast—an action one lawmaker is calling "a win for U.S. taxpayers." The company was found to have close links to Beijing and admitted that China influences its business. The grant project aims to foster battery-making here in the United States.