The founder of a lithium battery company poised to receive a $200 million grant from the Biden administration was once brought to China through a Chinese Communist Party program that the FBI warns is used for economic espionage.
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More than 9,000 years ago, a group of people lived in a prehistoric settlement located what is today a village in Wu-yang county, Central China s Henan Province. These people were not only hunters, fishermen and artisans, but also excellent musicians who created a splendid Neolithic culture. They constructed houses, cultivated rice, domesticated livestock, made pottery wares and bone flutes, building a homeland of idyllic beauty full of the fragrance of rice and the melodious sound of music.
The U.S. Department of Energy has awarded a $200 million grant to electric vehicle battery manufacturer Microvast as part of its effort to promote green energy. But there’s a problem. Ostensibly headquartered in Texas, Microvast actually manufactures most of its products and does the bulk of its business in the People’s Republic of China (PRC). The Houston office exists mainly to facilitate the receipt of “green energy” government subsidies.