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20 Jun
13:31

CFIUS declines to review Chinese battery project in Michigan

Battery maker Gotion Inc says it is proceeding with plans to develop a $2.4 billion battery plant near Big Rapids in northern Michigan, Kallanish reports. The announcement from the company, a US-owned subsidiary of Chinese battery manufacturer Gotion, came last week after the US Treasury Department ruled that federal regulators did not have the jurisdiction to review the company’s purchase of farmland on which to build the plant in Michigan’s Meco…
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