Microvast plunges as Energy Department said to cancel DoE contract (NASDAQ:MVST)



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Microvast (NASDAQ:MVST) -24.1% post-market Monday after Reuters reported the U.S. Department of Energy canceled a $200M grant after lawmakers cited concerns over its alleged links to China’s government.

The DoE had been in talks with Microvast (MVST) over the grant to

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