Biden Admin Pulls the Plug on $200 Million Grant to China-Backed EV Battery Maker

The Biden administration has decided against offering a $200 million grant to a lithium battery-maker that has been heavily criticized for its close ties to China.

The Department of Energy (DOE) had selected electric battery maker Microvast as one of its intended recipients to receive grant funding under the Bipartisan Infrastructure Law. However, the DOE confirmed to the Daily Caller News Foundation that it was no longer in negotiations with Microvast concerning the grant, which would have been used to develop an electric vehicle battery production facility for General Motors, according to Reuters.

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