"DOE pulls $200M grant from Chinese-linked battery company after GOP criticism"

The Biden administration has canceled a $200 million grant to Microvast, a US battery manufacturer, due to criticism from Republican lawmakers over the company's alleged ties to China. Microvast was one of 20 companies to win preliminary grants totaling $2.8 billion to boost domestic manufacturing of batteries for electric vehicles. The Energy Department said it "maintains a rigorous review process" and it is not uncommon for entities selected to participate in award negotiations to ultimately be denied a federal grant. Both Republicans and Democrats praised the department's decision.