Congressman John R. Moolenaar | Rep. John R. Moolenaar Official U.S House Headshot
Congressman John R. Moolenaar | Rep. John R. Moolenaar Official U.S House Headshot
On June 13, 2023, Gotion Inc. put out a statement claiming it has been transparent even though it has not released the documents it turned in for CFIUS review and has not released the non-disclosure agreements it made Michigan officials sign. The company also said the federal Committee on Foreign Investment in the United States (CFIUS) had decided the company's effort to buy Michigan farmland for a massive battery component factory was not in its jurisdiction.
“Gotion has not disclosed the materials it submitted to CFIUS and has not released the NDAs it forced Michigan officials to sign. While it insists on secrecy, one document everyone has seen is Gotion High Tech's articles of association where it pledges allegiance to the Chinese Communist Party and says it will carry out party activities. Today’s announcement from Gotion is not an approval from CFIUS, but another example of the broken CFIUS process where the government claims deals are outside its jurisdiction. Last year, CFIUS said it had no jurisdiction to block a CCP-affiliated company from buying farmland less than 15 miles from an Air Force base in North Dakota. The military and the local community had to stop the deal because CFIUS failed to protect our nation’s security,” said Moolenaar.
On June 13, 2023, Indiana announced a massive battery factory investment with GM and Samsung. Why have Michigan’s leaders failed to attract those investments and partnered with CCP-based companies instead?” added Moolenaar.
Previously
March 31: Moolenaar: Gotion Proposal Is Wrong For Michigan
Original source can be found here.
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