Biden admin pulls grant for energy firm with Chinese ties in stunning reversal
Fox News
The Biden administration unexpectedly pulled a massive grant it awarded last year to a Chinese-linked electric vehicle battery technology firm.
"The Department of Energy has finally retreated from sending U.S. taxpayer dollars to Microvast, an electric vehicle battery company with close ties to Communist China," Senate Energy and Natural Resources Committee Ranking Member John Barrasso, R-Wyo., said in a statement. Thomas Catenacci is a politics writer for Fox News Digital.
"I’m stunned it took the Biden Administration this long to admit the obvious: no company beholden to Communist China should be considered for U.S. government grants or loans," he added. "The administration should immediately reject other applicants with similar ties. It should also overhaul its grant making process and conduct due diligence before issuing press releases."
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