Two senior Republican lawmakers on Wednesday were highly critical of the decision by the U.S. Energy Department to award $200 million to Microvast Holdings over the lithium battery company's ties to the Chinese government.
U.S. Energy Secretary Jennifer Granholm speaks to reporters during a press briefing at the White House in Washington, U.S., June 22, 2022. REUTERS/Kevin Lamarque/File PhotoWASHINGTON, Dec 7 - Two senior Republican lawmakers on Wednesday were highly critical of the decision by the U.S. Energy Department to award $200 million to Microvast HoldingsIn October, Texas-based Microvast won a $20 million U.S. grant from the department to help build a new EV battery components plant in Tennessee.
Separators serve to separate the anode from the cathode in batteries. GM said it would contribute its advanced separator technology to the Microvast collaboration. Senator John Barrasso, the top Republican on the Energy and Natural Resources Committee, wrote Granholm in a separate letter saying that Microvast." He called the award "demonstrably antithetical" to the intent of the $1 trillion 2012 infrastructure law.
The Energy Department said "Microvast is an American battery company" and because of the grant "it no longer needs to look to China to establish its manufacturing facilities" and "will allow Microvast to build a separator production plant here at home."Microvast and General Motors did not immediately comment.
A $430 billion climate bill approved in August imposes rising sourcing requirements on battery minerals and components on a $7,500 EV tax credit and aims to phase out content from countries like China.
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