Energy Department Rejects $200 Million Grant to Microvast
A Microvast battery pack and cell (Patrick Pleul/picture alliance/Getty Images) WASHINGTON — The Biden administration has canceled plans to award a $200 million grant to a U.S. battery manufacturer amid criticism from Republican lawmakers over the company’s alleged ties to China. Texas-based Microvast was one of 20 companies to win preliminary grants totaling $2.8 billion ...more