Posted on May 3, 2023
DOE Set To Award $200M Grant to Battery Maker Run by Chinese 'Talent Program' Recruit
2.32K
43
7
13
13
0
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.
The founder and chief executive officer of Microvast, Wu Yang, in 2000 was recruited to move back to China from the United States as part of a Chinese government-sponsored "talent program." The grant to Microvast could conflict with the stated policy of the Department of Energy, which plans to boost the company with the massive green energy grant. A DOE official said in February that the department is "prohibited" from funding people who are involved in foreign talent programs.
The Department of Energy has faced criticism from lawmakers for months over its proposed $200 million grant to Microvast to build a battery separator facility, after the Washington Free Beacon reported late last year that the company operates primarily out of China. While the administration in a pre-election press release last October portrayed the funding as a done deal, the department now says the grant is still under review
The founder and chief executive officer of Microvast, Wu Yang, in 2000 was recruited to move back to China from the United States as part of a Chinese government-sponsored "talent program." The grant to Microvast could conflict with the stated policy of the Department of Energy, which plans to boost the company with the massive green energy grant. A DOE official said in February that the department is "prohibited" from funding people who are involved in foreign talent programs.
The Department of Energy has faced criticism from lawmakers for months over its proposed $200 million grant to Microvast to build a battery separator facility, after the Washington Free Beacon reported late last year that the company operates primarily out of China. While the administration in a pre-election press release last October portrayed the funding as a done deal, the department now says the grant is still under review
DOE Set To Award $200M Grant to Battery Maker Run by Chinese 'Talent Program' Recruit
Posted from freebeacon.com
Money
China
Espionage
Edited >1 y ago
Posted >1 y ago
Responses: 5
9
9
0
If the dept of energy is prohibited from giving funding people involved in Chinese ‘talent’ programs, why is this $200 million loan even being pondered! Biden needs to obey our policies.
(9)
(0)
LTC Trent Klug
CPT (Join to see) Does it matter? It shouldn't be granted to a Chinese national. Paraphrasing a current Senator, 'we shouldn't pay foreign entities to beat us, they should expend their funds to do it.
(3)
(0)
5
5
0
“there is clear evidence that the founder, chairman, and CEO of Microvast participated in a Chinese Communist Party (CCP) talent program designed >> to entice overseas talent to return to China for the benefit of the CCP. These programs work to entice high-achieving individuals to move back to China—but the Chinese Communist Party often uses them to >> encourage trade secret theft and economic espionage,"
Isn’t that the way it is? Lt Col Charlie Brown But we know many of OBiden administration tied up with the Chinese / have been working profit deals. Biden family is one glaring example. We Michiganders see this with our Dem Gov. Gretchen Whitmer and the billons/ 30:yrs tax-free Chinese-backed industries she authorized here.
Isn’t that the way it is? Lt Col Charlie Brown But we know many of OBiden administration tied up with the Chinese / have been working profit deals. Biden family is one glaring example. We Michiganders see this with our Dem Gov. Gretchen Whitmer and the billons/ 30:yrs tax-free Chinese-backed industries she authorized here.
(5)
(0)
3
3
0
Read This Next
Continue with Facebook 
Continue with Google