Free Republic

The Biden administration is allowing Chinese electric vehicle battery company Gotion to move forward with construction of a facility in Michigan after a months-long national security review. The Committee on Foreign Investment in the United States (CFIUS) — an interagency taskforce overseen by the Department of the Treasury and tasked with reviewing certain foreign investments that may pose a national security threat — determined Tuesday that Gotion’s proposed facility was not a covered real estate transaction or purchase under the Defense Production Act. “We voluntarily submitted all the needed documents to the U.S. Department of Treasury Committee on Foreign Investment...