DoE's Granholm hands out $200 million greenie grant to lithium battery company -- controlled by the Chinese

American Thinker ^ | 12/06/2022 | Monica Showalter

[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.

[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.

[cyclotic]

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

[LouAvul]

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

[Tell It Right]

What's hard for me to believe is Granholm hasn't be cast to play a Vulcan with those high arch eyebrows. LOL

[ProtectOurFreedom]

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.

[patriot torch]

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

[DannyTN]

Who acquired them in July 2021 using a SPAC?

From Wikipedia:

History

• Microvast was founded in 2006[2] in Houston, Texas, along with its Chinese subsidiary, Microvast Power Systems (Chinese: 微宏动力系统) in Huzhou, China.[3]
• It introduced its first generation of batteries in 2009, with manufacturing starting in 2010 in Huzhou factory.
• By March, 2017, it began construction on its "Phase III" production facility in Huzhou.[4]
• In 2019, the company, in joint work with researchers from Argonne National Laboratory won a R&D 100 award for a novel "High-energy density and safe battery system".[5]
• In July 2020, Microvast inaugurated its new Germany factory in Ludwigsfelde, with production planned to start in March 2021.[6]
• On July 26, 2021, the company went public through a merger with a special-purpose acquisition company.[7]
• On Nov. 1, 2021, Microvast opens a new R&D center in Orlando, Florida.[8][9]
• On Oct. 3, 2022, the company announced the launch of its new energy division in Northern Colorado. The division is set to design, develop and manufacture Battery Energy Storage Systems (BESS) that are co-located with solar solutions using Microvast's battery technology.[10]
• Manufacturing of batteries and components in the U.S. On Feb.10, 2021, Tennessee officials and Microvast announced that the company will establish a new manufacturing facility in Clarksville to manufacture battery cells, modules and packs, with the production expected to begin in the summer of 2022.[11][12] The press-release states that "the project started in 2019 at the request of the U.S. Department of Energy (DOE)".[13]
• As of Sep. 22, 2022 it was announced that recruitment begins on yet to complete plant.[14] The company provides regular updates on the progress of site development on their official LinkedIn page.[15][16]
• On Oct. 19, 2022 the U.S. Department of Energy released "Bipartisan Infrastructure Law Battery Materials Processing and Battery Manufacturing & Recycling Funding Opportunity Announcement", awarding US$2.8 billion to a number of public and private US companies.[17][18]
• The company was awarded US$200 million to support development of Thermally Stable Polyaramid Separator Manufacturing Plant in Clarksville, Tennessee in partnership with General Motors.[19][20][21]

[butlerweave]

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

[thesligoduffyflynns]

🙋🙋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

[Amendment10]

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).

[SuperLuminal]

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...
😳😳😀😀😁😁😂😂🤣🤣😲😕

[SunkenCiv]

• Sinking ship: U.S. manufacturing orders from China collapse [12/06/2022]
• TSMC triples spending on Arizona advanced chip site with extra 3nm fab [12/06/2022]
• Commentary: Listening to Chinese whispers shielded Beijing from COVID-19 blame [12/06/2022]
• SHUT THEM DOWN: More Chinese secret police stations reportedly found, prompting call for consulate closures [12/06/2022]
• Mitt Romney, Susan Collins Dismiss the Idea of Impeaching DHS Chief Mayorkas [12/06/2022]

[GOPJ]

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?

[GOPJ]

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?

[mewzilla]

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