US Energy Dept cancels US$200mn grant to lithium battery company over alleged China links | Forexlive

On Monday the U.S. Energy Department cancelled a $200 million grant for lithium battery company Microvast Holdings

• News report citing an unnamed “source familiar with the matter”.
• Republican lawmakers cited concerns over the firm’s alleged links to China’s government
• The department had been in talks with Microvast over the grant to help build a plant in Tennessee.