It is just funny to see members of Congress is so concerned about IP when in fact China should be the one that worried about IP thief from the US. In addition, no matter how successful you are as long as you are Chinese, then members of Congress can discriminate you and your company with no reason.
Microvast has been singled out by members of Congress as posing intellectual property risks making the General Motors partner unworthy of federal funding.
The conflicts highlight some unsavory policy choices Washington now faces: How can the US go electric after ceding battery manufacturing and technology to China for the past decade? Is it realistic to decouple from a geopolitical foe that dominates large swaths of the EV supply chain?
Microvast makes for an ideal whipping boy for politicians whose lack of long-term planning and internecine squabbles have played a role in the US falling behind in the global battery race. It was founded in Texas in 2006 by Yang Wu, a Chinese-born American citizen and entrepreneur who previously built businesses in oil services and water treatment.
Let Yi Long Ma post some Wumao content on Twitter and Xi will be in a good mood to lend Tesla more battery tech.