{"id":1937532,"date":"2023-05-25T00:40:17","date_gmt":"2023-05-25T04:40:17","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/doe-pulls-plug-on-chinese-owned-companys-grant-application-months-after-alarm-raised\/"},"modified":"2023-05-25T00:43:36","modified_gmt":"2023-05-25T04:43:36","slug":"doe-pulls-plug-on-chinese-owned-companys-grant-application-months-after-alarm-raised","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/doe-pulls-plug-on-chinese-owned-companys-grant-application-months-after-alarm-raised\/","title":{"rendered":"DOE cancels Chinese-owned company&#8217;s grant application after concerns raised."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdoe-pulls-plug-on-chinese-owned-companys-grant-application-months-after-alarm-raised%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1937532&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><blockquote>\n<h2>The DOE Reverses Decision on Chinese-Owned Battery Manufacturer<\/h2>\n<p>The U.S. Department of Energy (DOE) has reversed its decision to allow Microvast Holdings, a Texas subsidiary of a Chinese-owned battery manufacturer, to apply for grants under the 2021 Bipartisan Infrastructure Law (BIL). The DOE&#8217;s decision came after the company&#8217;s links to the Chinese Communist Party were revealed during the department&#8217;s own <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nbc-news-covers-the-biden-administration\/\" title=\"NBC News Covers the Biden Administration\u00a0\">vetting process<\/a>. House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-Wash.) has invited the DOE to a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cdc-examining-reports-of-heart-inflammation-in-young-males-after-covid-19-shot\/\" title=\"CDC Examining Reports Of Heart Inflammation In Young Males After COVID-19 Shot\">panel meeting<\/a> to discuss the issue, but the department has refused to participate.<\/p>\n<h3>A Saga Ends, but Questions Linger<\/h3>\n<p>The Microvast saga began last year when the company was qualified to apply for grants following the adoption of the $1.2 trillion BIL. The DOE announced that Microvast was among 20 companies selected to apply for a $200 million grant to manufacture lithium batteries at a plant it wants to build in Tennessee. However, the company&#8217;s filings with the Securities and Exchange Commission (SEC) revealed troubling connections to the communist Chinese government, sparking alarm and criticism from congressional Republicans.<\/p>\n<ul>\n<li>The DOE&#8217;s vetting process has been questioned by the Senate Energy and Natural Resources Committee.<\/li>\n<li>Microvast Holdings has links to the Chinese Communist Party.<\/li>\n<li>The DOE has reversed its decision to allow Microvast to apply for grants under the 2021 BIL.<\/li>\n<\/ul>\n<p>The DOE maintains a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/doe-pulls-plug-on-chinese-owned-companys-grant-application-months-after-alarm-raised\/\" title=\"DOE cancels Chinese-owned company's grant application after concerns raised.\">rigorous review process prior<\/a> to the release of any <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-revives-obama-broadband-boondoggle\/\" title=\"Biden Revives Obama Broadband Boondoggle\">awarded funds<\/a>, and it is not uncommon for entities selected to participate in award negotiations under a DOE competitive funding opportunity to not ultimately receive an award. Microvast was never approved to actually receive a grant, only to begin preliminary negotiations to apply for one. The DOE is continuously improving its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-signals-more-significant-drawdowns-from-strategic-reserve\/\" title=\"White House Signals More \"Significant\" Drawdowns From Strategic Reserve\">competitive bid process<\/a> to ensure that civil servants have a geo-strategic perspective of what they are trying to do.<\/p>\n<figure id=\"attachment_3151285\" style=\"width: 600px\" class=\"wp-caption alignnone\">\n    <a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2019\/11\/19\/GM_Engine_assembly_50-1200x800.jpg\"><br \/>\n      <img decoding=\"async\" src=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2019\/11\/19\/GM_Engine_assembly_50-1200x800.jpg\" alt=\"Microvast Holdings was seeking a $200 million grant to build electric vehicle batteries at this General Motors plant in Spring Hill, Tenn. (Harrison McClary\/Reuters)\"><figcaption class=\"wp-caption-text\"><\/figcaption><\/a><br \/>\n  <\/figure>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Friday that it had rescinded the grant awarded to the subsidiary, citing &#8220;additional information&#8221; that had come to light.<\/p>\n","protected":false},"author":509,"featured_media":1937533,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[7082,4548,17252,8184,5241,8328,5581,4959],"class_list":["post-1937532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-application","tag-cancels","tag-chinese-owned","tag-companys","tag-concerns","tag-doe","tag-grant","tag-raised"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1937532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/509"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1937532"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1937532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1937533"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1937532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1937532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1937532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}