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View the Kentucky New Era for Thursday, May 25, 2023
Source: kentuckynewera.com
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Biden administration pulls grant from Microvast
News that 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
Source: kentuckynewera.com
Microvast : Fact Sheet About DOE Decision
Yang Wu, Microvast's founder, chairman, President, and Chief Executive Officer, said "the Company is surprised by the DOE's decision to withdraw the grant, which was designed to... | May 25, 2023
Source: marketscreener.com
Microvast denies China links as DOE rejects grant application
The US DOE has cancelled a US$200 million grant from lithium-ion battery firm Microvast, which rejected any links to the Chinese government.
Source: energy-storage.news
Possible China Tie Linked to US Canceling $200M Loan to Ky. Battery Plant
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.
Source: enr.com