Comments made on 4/26/23

I want to ask you about microvast Which is a lithium battery company that Operates primarily out of the People's Republic of China Your agency granted 200 million dollars Worth of a grant to this company you're Aware of this correct Um there were awards that were there Were selections that were named and all Of those country companies are going Through vetting process to ensure that There are not there's no money flowing To countries of concern and so that Those vetting process are going on not a Dollar has gone out the door yet okay And I think you've gotten you got a Letter Um from a member of the Senate asking What the security Protocols are and what The test you could see how concerning it Would be that Chinese owned businesses Are you don't want to see uh the dollars Going to any countries of concern we Want them to be uh so is it your Commitment that no dollars will go to Any company any Energy company taking Advantage of either tax credits or Grants that are owned by China by a Chinese company no state-owned Enterprise will get uh funding from the Bipartisan interest what about companies That have material operations in China Which we know of course that Intellectual property that's why we're

Using this uh cepheus vetting program