Joe Biden’s administration has confirmed plans to give a lithium-battery company a $200 million grant to help along the nation’s “shift to green energy” and also “ensure the United States is cultivating domestic sources of energy.”
This development comes after Biden has waged a term-long war on America’s energy industry, which had moved the country to energy-exporting status under the tenure of President Donald Trump.
It was Energy Secretary Jennifer Granholm who had previously claimed that the cash handout would “supercharge the private sector to ensure our clean energy future is American-made.”
But, according to a report from the Washington Free Beacon, the one glitch in the presentation is that the company in question primarily operates out of China, is influenced by the Chinese government, and even is under a special watch status by the Securities and Exchange Commission.
The recipient company is Microvast Holdings and the tax money is to help build a battery separator facility in Tennessee.
Biden’s administration called Microvast a “majority U.S.-owned company, traded on NASDAQ” and “headquartered in Stafford, Texas.”
DNC Money Laundering – at its best
Cut off his SPENDING SPREE just like a little kid !!! No More allowed next two years !!!