News Formal

A small US town is putting a spotlight on Chinese investment in America

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 48 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 66%

United States News

China,US-China,Electric Vehicles

As the US presidential campaign enters its final month, voters face the crucial question of which candidate is best equipped to navigate the risks and rewards of foreign investment at their doorstep.

MICHIGAN: A small town in America’s Midwest has become a major battleground in the competition between the world’s two largest economies.

Gotion – a US-based subsidiary of a Chinese company – is behind the factory, which will span 186,000sqm and produce lithium battery components for EVs. Gotion, which reportedly received US$800 million in subsidies from Michigan, now owns some of the land on which the EV plant is set to be built. Meanwhile, Democratic nominee and Vice President Kamala Harris mentioned China once during her Democratic National Convention speech, saying: “I will make sure that we lead the world into the future on space and artificial intelligence. That America, not China, wins the competition for the 21st century.”His running mate, Ohio Senator JD Vance, rallied on Brock’s farm recently and criticised Gotion’s EV plant project.

Supporting Gotion's plans has not come without consequences. Chapman was tossed out as the township’s supervisor for supporting the project, while Rose said aggression at local meetings made her fearful.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese investment in America sparks debate in small townA small town in Michigan is divided over a proposal to build an electric vehicle battery plant linked to China, highlighting the growing political debate around Chinese investment in America.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US voters in Michigan town split over issue of Chinese investmentA small town in America's Midwest has become the focus of a crucial election issue - Chinese investment in America. The community of Green Charter Township, in the battleground state of Michigan, is deeply divided over a proposal to build an electric vehicle battery plant.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »