Re: PB notable >>17896507, >>17896586 DOE Touts $200M Grant to Lithium Battery Company

Kek….

Looked up the company (Microvast) in the USAspending.gov database. The first transaction noted is in 2018 - "AWARD NUMBER DE-EE0008366 TITLED, NEW HIGH-ENERGY & SAFE BATTERY TECHNOLOGY WITH EXTREME FAST CHARGING CAPABILITY FOR AUTOMOTIVE APPLICATIONS (NEW AWARD)"

Only $500,000 of a $2M dollar grant went out the door to MicroVast. The grant period was from 2018 to 2021 and they only drew down a quarter of the award??? Other than that grant, the only other activity is PPP 'loans' to the tune of ~$300K in 2020.

Good thing potato and his other vegetable frens are on the job.

https://www.usaspending.gov/keyword_search/Microvast

https://freebeacon.com/biden-administration/doe-touts-200m-grant-to-lithium-battery-company-as-boon-to-american-made-clean-energy-the-company-operates-primarily-from-china/