US pulls $200 mln grant for Microvast battery company -source ...Middle East

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US pulls $200 mln grant for Microvast battery company -source
source : Devdiscourse ( Middle East ) () 80
The U.S. Energy Department on Monday canceled a $200 million grant for lithium battery company Microvast Holdings, a source familiar with the matter said, after lawmakers cited concerns over its alleged links to China's government. The department had been in talks with Microvast over the grant to help build a plant in Tennessee. The grant stemmed from the $1 trillion 2021 bipartisan infrastructure law.

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