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Thursday, November 7, 2024

Rep. Lisa McClain Calls for CFIUS Review of Chinese Company's Investment in Michigan

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Congresswoman Lisa C. McClain | Official U.S. House headshot

Congresswoman Lisa C. McClain | Official U.S. House headshot

WASHINGTON, D.C. - In a move to safeguard America's national security, Rep. Lisa McClain (R-MI) has called on the Committee on Foreign Investment in the United States (CFIUS) to closely examine Chinese Communist Party (CCP) affiliated company Guoxuan High-Tech's investments in Michigan through its subsidiary Gotion, Inc. McClain's concerns arise after Gotion, Inc. recently acquired 400 acres of land in Michigan for the construction of a lithium battery plant.

"Gotion is a CCP controlled company and they present a direct threat to my home State of Michigan and the entire country," said Rep. Lisa McClain. "I am demanding CFIUS takes a closer look at Gotion to ensure America's national security is not compromised by this battery plant."

Joining Rep. McClain in leading this call for action is Senator Marco Rubio (R-FL), Rep. John Moolenaar (R-MI), Rep. Bill Huizenga (R-MI), Rep. John James (R-MI), and Rep. Mike Bost (R-IL).

To access the full text of the letter sent to Treasury Secretary Janet Yellen, click here.

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