Microvast Holdings, a Texas-based company that designs, develops and manufactures lithium-ion batteries, said May 24 that it will continue its expansion in the U.S. while it “considers all of its options” after the U.S. Energy Dept. withdrew its conditional $200 million grant to the firm to support a $504-million polyaramid separator plant in Kentucky on which it is collaborating with General Motors.

The company was selected last November to receive the grant under battery manufacturing incentives of the 2021 Infrastructure Investment and Jobs Act. DOE said Microvast is known for its “cutting-edge cell technology and its vertical integration capabilities from core battery materials to battery packs,” stating the company is majority U.S-owned.