• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Thursday, May 8
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»CCP-Linked Company Is Poised To Receive Over $1 Billion In Taxpayer Money And Benefits
Business

CCP-Linked Company Is Poised To Receive Over $1 Billion In Taxpayer Money And Benefits

September 11, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
China Takes Journalists On Visit To Tibet
Share
Facebook Twitter LinkedIn Pinterest Email

Gotion Inc., a company tied to the Chinese Communist Party (CCP), is set to gain more than $1 billion in taxpayer money and incentives for building factories in Michigan and Illinois, according to public announcements.

Gotion Inc. plans to construct two electric battery plants in Michigan and one in Illinois, securing commitments in funding and benefits totaling over $1.25 billion, according to announcements by the states’ governors. The company is based in California, but it is “wholly owned and controlled” by CCP-connected Gotion High-Tech Power Energy Co., which is based in China, according to a Foreign Agents Registration Act filing.

Gotion Inc. will build an electric vehicle battery gigafactory in Illinois that will commence production in 2024, according to an announcement by Democratic Illinois Gov. J.B. Pritzker and the company on Friday.

“Gotion’s total incentive package from the State of Illinois … is valued at $536 million,” the announcement reads. “Gotion is eligible to receive tax benefits totaling $213 million over 30 years.”

“The [Reimagining Energy and Vehicles] agreement specifies a minimum company investment of $1.9 billion and the creation of 2,600 full-time jobs that are paid at least 120% of the average wage of similar job classifications in Kankakee County,” it continues. (RELATED: EXCLUSIVE: Video Shows Employees At Chinese Firm Behind US Battery Plant Builder Wearing Red Army Outfits, Pledging Life To CCP)

Illinois is leading the charge, literally.

Gotion’s new EV lithium battery manufacturing plant is coming to our state — the largest EV battery investment here EVER at $2 billion.⁰
It will create 2,600 good-paying jobs and help our goal of putting 1M EVs on our roads by 2030. pic.twitter.com/AIRlEYuV4b

— Governor JB Pritzker (@GovPritzker) September 8, 2023

Gotion Inc. received commitments for $175 million in grants and $540 million in tax breaks from Michigan, totaling $715 million. The state committed the benefits due to Gotion Inc. building two electric vehicle battery factories in Big Rapids, investing $2.36 billion and generating 2,350 jobs, Democratic Michigan Gov. Gretchen Whitmer announced in October.

See also  'I Don't Know Anything About' Survey Showing Loan Plan Beneficiaries Will Spend Money on Nonessentials, People Are 'Struggling'

President Joe Biden’s Committee on Foreign Investment approved Gotion Inc.’s Michigan project in June, despite intense criticism from local residents. The company also anticipates receiving millions of dollars in tax credits for its battery production due to Biden’s Inflation Reduction Act, The Information reported.

Gotion High-Tech employs hundreds of Chinese Communist Party (CCP) members, including its CEO, Li Zhen, according to its 2022 ESG report. 

“Gotion High-Tech founded a CCP branch in 2010 that was upgraded to a CCP committee in 2014,” the report states. “The CCP committee’s subunits are two CCP general branches and 11 party branches, currently with 923 CCP members, among which over 50% hold master’s degrees or higher.” 

Gotion High-Tech also has corporate bylaws establishing a CCP committee within the company. 

“The Party Committee of the Company shall perform its duties in accordance with the Constitution of the Communist Party of China and other Party regulations,” the bylaws state.

Whitmer, Pritzker, Gotion Inc. and Gotion High-Tech did not immediately respond to the Daily Caller News Foundation’s request for comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Benefits Billion CCPLinked company money poised Receive Taxpayer
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Sharp Decline in Migrant Apprehensions at Border Post Title 42

May 16, 2023

Disney+ Fail — $50M Woke ‘Crater’ Removed After 7 Weeks

July 5, 2023

Biden Admin Releases Guidelines For Policing Business Mergers

July 19, 2023

JOBY, MU, WFC, FREY and more

June 29, 2023
Don't Miss

Trump Announces First Post-Tariff Trade Deal

Business May 8, 2025

President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K.,…

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,626)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Inside TikTok’s battle to skirt bans and influence governments

March 30, 2023

Biden’s SEC Chair Says AI Technology Could Lead To Financial Collapse

August 7, 2023

Russians ‘Fear’ Ukraine Will Launch ‘Major’ Attack in North-East: UK Intel

March 25, 2023
Popular Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.