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DoE's Granholm hands out $200 million greenie grant to lithium battery company -- controlled by the Chinese
American Thinker ^ | 12/06/2022 | Monica Showalter

Posted on 12/06/2022 10:29:45 AM PST by SeekAndFind

So what does "American-made" mean to the Biden administration as it hands out huge chunks of "free" taxpayer cash for its "green" infrastructure schemes?

As Donald Trump used to say: "Chiii-na."

According to Alana Goodman at the Washington Free Beacon:

President Joe Biden's Department of Energy is touting a grant to a lithium battery company as a move that would help herald the shift to green energy and ensure the United States is cultivating domestic sources of energy. It did not say, however, that the Texas company receiving the grant operates primarily from China and is under scrutiny from American financial regulators.

The DOE announced in October that it would give the $200 million award to Microvast Holdings to build a battery separator facility in Tennessee, using funding from the Bipartisan Infrastructure Law. At the time, Energy Secretary Jennifer Granholm said the grant would "supercharge the private sector to ensure our clean energy future is American-made."

While the DOE described Microvast as a "majority U.S.-owned company, traded on NASDAQ" and "headquartered in Stafford, Texas," financial records show the company operates primarily out of China. Microvast itself says the Chinese government "exerts substantial influence over the manner in which we must conduct our business activities and may intervene, at any time and with no notice." The company was also recently added to a Securities and Exchange Commission watchlist of Chinese companies that are on track to be delisted from NASDAQ for failing to comply with U.S. auditing requirements.

Which not only has the smell of 'Solyndra' all over it, given that it can't seem to produce records for an audit any more than Sam Bankman-Fried can, it's also a China-controlled entity. What China wants, the company does.


(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: energy; granholm; greenenergy; lithium

1 posted on 12/06/2022 10:29:45 AM PST by SeekAndFind
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To: SeekAndFind

Which rather puts paid to rest the idea that Joe Biden is out financing “Made in America” green infrastructure, in response to previous reports that solar panels and wind turbines have largely benefitted Chinese makers.

How he touted that to the public, and like a conman, won votes for his “infrastructure” bill on that very promise. Domestic green energy, domestically produced, and pay no attention to that oil in the ground that could be produced without subsidies.

Turns out he didn’t mean it at all and now that he’s got the bill passed with the cash to fling around, his promise was about as good as the one he made to the student loan debtors.


2 posted on 12/06/2022 10:30:53 AM PST by SeekAndFind
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To: SeekAndFind

Hard as it is to believe, Jenny Grandstand is a worse Secretary of Energy than she was as Governor.


3 posted on 12/06/2022 10:32:03 AM PST by cyclotic (Follow 1776rm.com. Fighting for our Constitution. @1776RM on Truth)
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To: SeekAndFind

Well, I guess some people are going to have a very merry Christmas.


4 posted on 12/06/2022 10:39:18 AM PST by LouAvul (Daniel 4:17: "..the most High ruleth in the kingdom of men, and giveth it to whomsoever he will.." )
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To: cyclotic
What's hard for me to believe is Granholm hasn't be cast to play a Vulcan with those high arch eyebrows. LOL


5 posted on 12/06/2022 10:39:47 AM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: SeekAndFind

Add this to the hundreds of billions of dollars already pissed away on wind, solar and batteries that can NEVER WORK. But that’s what liberal, uneducated, pipe dream-believing governments are for. And it is all predicated on the anthropogenic global warming BIG LIE.

We are in the deep-freeze here in North Idaho. At this very moment, snow coverage in the entire Northern Hemisphere is the highest level in almost 70 years.


6 posted on 12/06/2022 10:46:27 AM PST by ProtectOurFreedom (If you're not part of the solution, you're just scumming up the bottom of the beaker!)
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To: SeekAndFind

Part of the democrats and new world order to “build back chinese”


7 posted on 12/06/2022 10:47:20 AM PST by patriot torch
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To: SeekAndFind
Who acquired them in July 2021 using a SPAC?

From Wikipedia:

History


8 posted on 12/06/2022 10:54:52 AM PST by DannyTN
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To: SeekAndFind

Poor Green , they really kicked it in the jewels when they picked it as their save the world color ,LOL


9 posted on 12/06/2022 11:00:05 AM PST by butlerweave
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To: butlerweave

🙋🙋I couldnt agree with you more👍

A few years ago i read a article about Bolivia they have gobs of lithium down there including Argentina.

There is no infrastructure in Bolivia bad roads, etc)
The largest lithium field in Bolivia is named

SALAR de UYUNI


10 posted on 12/06/2022 11:45:40 AM PST by thesligoduffyflynns ( When you are going through hell keep going)
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To: SeekAndFind; All
Thank you for referencing that article SeekAndFind.

"DoE's Granholm hands out $200 million greenie grant [??? emphasis added] to lithium battery company -- controlled by the Chinese"


FR: Never Accept the Premise of Your Opponent’s Argument

Regarding foreign aid, patriots are reminded that Justice Joseph Story had clarified that it is constitutionally indefensible.

If the tax be not proposed for the common defence, or general welfare, but for other objects, wholly extraneous, (as for instance, for propagating Mahometanism among the Turks, or giving aids and subsidies to a foreign nation, to build palaces for its kings, or erect monuments to its heroes,) it would be wholly indefensible upon constitutional principles [emphases added].” — Justice Joseph Story, Commentaries on the Constitution 2 (1833).

11 posted on 12/06/2022 11:47:01 AM PST by Amendment10
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To: SeekAndFind

Not to worry!

The GOP-controlled House will come to the rescue and get the budget dollars canceled in a powerful demonstration of their resolve to restore the minimum semblance of domestic security...
😳😳😀😀😁😁😂😂🤣🤣😲😕


12 posted on 12/06/2022 12:18:33 PM PST by SuperLuminal (Where is the next Sam Adams when we so desperatly need him)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; BraveMan; cardinal4; ...

13 posted on 12/07/2022 9:11:43 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SeekAndFind
President Joe Biden's Department of Energy is touting a grant to a lithium battery company as a move that would help herald the shift to green energy and ensure the United States is cultivating domestic sources of energy. It did not say, however, that the Texas company receiving the grant operates primarily from China and is under scrutiny from American financial regulators.

China made a great investment buying the drug addicted, whore monger son of President Sniffer. Do the boys at the CIA get a cut too? How about the other 'elites'? Walking around money for the 'mansion' class?

14 posted on 12/07/2022 9:16:53 AM PST by GOPJ (Has Biden had dinner with an "anti-evangelical"? Will Schumer condemn him if he has?)
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To: SeekAndFind
President Joe Biden's Department of Energy is touting a grant to a lithium battery company as a move that would help herald the shift to green energy and ensure the United States is cultivating domestic sources of energy. It did not say, however, that the Texas company receiving the grant operates primarily from China and is under scrutiny from American financial regulators.

China made a great investment buying the drug addicted, whore monger son of President Sniffer. Do the boys at the CIA get a cut too? How about the other 'elites'? Walking around money for the 'mansion' class?

If 'the people of the United States' oject will they stick the FBI goons on us?

15 posted on 12/07/2022 9:17:32 AM PST by GOPJ (Has Biden had dinner with an "anti-evangelical"? Will Schumer condemn him if he has?)
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To: SeekAndFind
Meanwhile...

Three Garbage Trucks Catch Fire in California After Crushing Dozens of Lithium-Ion Batteries Battery fires, due to thrown out batteries, are incredibly common in garbage and recycling industry.

Be careful when charging lithium-ion battery devices, Calgary Fire Department warns

16 posted on 12/12/2022 12:57:55 PM PST by mewzilla (We will never restore the republic if we don't first secure the ballot box.)
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