The Department of Energy administration is reviewing $200M in funds it originally earmarked for Microvast (MVST) amid criticism about the company’s ties to China, Ari Natter of Bloomberg reports. The Energy Department told concerned lawmakers the funding is undergoing "a thorough post-selection risk-based, due-diligence review," according to letters seen by Bloomberg. This is happening in consultation with the Department’s Office of Intelligence and Counterintelligence among other agencies, Natter notes.
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