Biden admin pulls grant for energy firm with Chinese ties in stunning reversal
The Biden administration informed lawmakers Monday that it will no longer award a $200 million grant to a Chinese-linked energy technology firm in an unexpected reversal. In a call with congressional staff Monday evening, Department of Energy (DOE) officials said Microvast, a Texas-based maker of technology for electric vehicle batteries, won’t receive the lucrative grant which had been earmarked under the 2021 infrastructure package.