KY officials pause incentives for Microvast plant in Hopkinsville
Officials say they won't pay the incentives until they learn why a $200 million loan request was rejected by federal officials over alleged China ties.
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Officials say they won't pay the incentives until they learn why a $200 million loan request was rejected by federal officials over alleged China ties.
NASHVILLE, Tenn. -- Kentucky officials say they won't start paying out $21 million in economic incentives for a proposed electric vehicle battery facility until the company further explains why the U.S. Department of Energy abruptly rejected a $200 million loan for the project after some congressional Republicans argued the firm has improper ties to China.
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
NASHVILLE, Tenn. — Kentucky officials say they won't start paying out $21 million in economic incentives for a proposed electric vehicle battery facility until the company further explains... | June 5, 2023
Kentucky officials say they won't start paying out $21 million in economic incentives for a proposed electric vehicle battery facility.