Just an absolute clusterf*ck of a story. The quick and dirty is a US government lab in Washington state develops an innovative and impressive battery technology and the lead developer applies for a license to manufacture and sell them. The license states the batteries must be 'substantially made' in the US and a certain amount should be sold there. The lead developer, Gary Yang (Chinese born American citizen), starts a company in America, hires employees, but soon runs out of investors. What does he do? Link up with a Chinese company and eventually transfers his license, and company, there. It seems like he failed to disclose the location of his license to DOE but they also did not seem too keen, or capable, to do a lot of oversight (he also eventually transfers the license to a company in the EU). Eventually, all this technology is being made by a company in China while US companies have been denied licenses to make them domestically. And now (this happened beginning in 2012 through 2021), China is the world leader in manufacturing this technology and likely will not stop despite having the license recently revoked. DOE is doing an internal investigation, but way too late for US companies to catch up IMO.
Infuriating.
Infuriating.
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