Republicans told Fox News Digital that 'nothing is off the table' regarding their upcoming oversight into how the Biden administration's green energy programs are benefiting China.
However, Republicans and industry groups have blasted Biden's agenda for pushing the technology that is largely manufactured in China. China accounts for about 80% of the world's solar panel production and theof critical minerals vital for electric vehicle batteries, wind turbines and industrial battery storage facilities.
"Americans deserve to know why their taxpayer dollars are being used to fund companies, like Microvast, with deep ties to China," McMorris Rodgers continued."Nothing is off the table. We have a lot of questions for the Biden administration."to Microvast, a Texas-based maker of a key component of EV batteries, under the $1 trillion infrastructure package Biden signed into law in November 2021.
While the DOE noted the company was headquartered in Texas, it failed to mention that Microvast's subsidiary is based in Huzhou, China, and that the company produces the battery components in China. Microvast also reported in its most recent financial filings that 69% of its revenue was generated in China and just 3% came from the U.S.
Following reports about Microvast's deep ties to China, McMorris Rodgers and Rep. Morgan Griffith, R-Va., the ranking member of the Energy and Commerce Oversight and Investigations Subcommittee, wrote a letter to
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