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Kentucky officials say they won't begin paying $21 million in economic incentives for a proposed electric vehicle battery facility until the company further explains why federal officials abruptly rejected a $200 million loan.
Kentucky officials say they won't begin paying $21 million in economic incentives for a proposed electric vehicle battery facility until the company further explains why federal officials abruptly rejected a $200 million loan.
Kentucky officials say they won't begin paying $21 million in economic incentives for a proposed electric vehicle battery facility until the company further explains why federal officials abruptly rejected a
U.S. Energy Dept. did not detail why it withdrew its conditional loan to Texas-based Microvast made last year for a $500M plant in Kentucky, but the firm's founder disputes Congressional allegations of alleged ties to the Chinese government voiced in letters to the agency since last year.
U.S. Energy Dept. did not detail its reason for withdrawing its conditional loan to Texas-based Microvast made last year for $500M plant in Kentucky, but Congressional concern was voiced to the agency in March of its alleged ties to the Chinese government.