Republican lawmakers, Houston battery manufacturer & Chinese Communist Party

This is a wild ride. So, I’m going to extract the most factual items from this… Here we go- “The Department of Energy has canceled a $200 million grant awarded to Microvast after lawmakers questioned the lithium-ion battery maker’s ties to China’s government.” Microvast is based in Stafford, Texas. “Republican Rep. Frank Lucas sent a letter to Energy Department Secretary Jennifer Granholm criticizing the funding decision.” The company said it will continue tis manufacturing without the grant funding and that “The company also affirmed its stance as independent from the Chinese Communist Party.”

Utility Dive | Energy Department cancels $200M Microvast battery grant