Biden Admin Terminates Grant To Chinese Linked Energy Firm

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.

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. Republican lawmakers have for months called on the agency to rescind the grant after its Chinese ties were revealed last year.

Read More:  Fox News