The Energy Department has decided not to award $200M to battery company Microvast Holdings amid Republican concerns about alleged China connections. The department last year selected Microvast to receive a grant under the Bipartisan Infrastructure Law. However, it said on Tuesday that the grant had not yet been finalized and that it would ultimately cancel negotiations. “The Department can confirm that it has elected to cancel negotiations and not to award Microvast funds from this competitive funding opportunity,” the spokesperson said in an emailed statement. The department also said that it is not uncommon for companies that are selected for grants to ultimately not receive
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