The U.S. Energy Department decided on Monday to cancel contract negotiations on a $200 million award for Microvast Holdings, a lithium battery company, a source familiar with the matter said. The department had been in talks with Microvast over a grant of $200 million from the $1 trillion 2021 bipartisan infrastructure law for developing domestic manufacturing bases and supply chains. Last December, two Republican lawmakers criticized the decision to grant the funding in a letter to Energy Secretary Jennifer Granholm saying Microvast had ties to the Chinese government. The source declined to say whether the decision to cancel the negotiations...