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Chinese plant planned for Manteno could
receive $8 billion in subsidies, despite
costing only $2 billion to build

Original Article

Posted By: AltaD, 9/28/2023 12:33:01 PM

Illinois politicians and members of the House Select Committee on the Chinese Communist Party have raised concerns about the sizeable subsidies being granted to the Chinese electric vehicle battery maker, Gotion. Gotion is linked to the Chinese Communist Party (CCP) and aims to build a $2 billion plant in Illinois while receiving $7.5 billion in federal tax credits, (Snip) “And to give that money to a Chinese company that is already subsidized by the Chinese government is a serious mistake. China’s goal is to dominate the global battery industry, and forcing American taxpayers to unwittingly fund the CCP’s ambitions is a direct threat to U.S. economic and national security.”

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Reply 1 - Posted by: wilarrbie 9/28/2023 12:42:32 PM (No. 1565119)
When you have to kickback 10% to lots of people prices naturally rise. I guess now we’re also kicking back directly to China.
13 people like this.

Reply 2 - Posted by: weirdone 9/28/2023 12:46:28 PM (No. 1565120)
I'll bet Hunter negotiated this deal.
13 people like this.

Reply 3 - Posted by: Daisymay 9/28/2023 12:52:20 PM (No. 1565124)
Why are they getting 2 Billion when they are going to use a Building already there? Looks to me like the Governor is going to get His Share out of the Deal! Personally, I don't think China should be allowed to build or open ANYTHING in our country!
28 people like this.

Reply 4 - Posted by: Quigley 9/28/2023 1:21:42 PM (No. 1565137)
Amazing what a couple of million and some underaged chinese girls tossed to the drug and sex addict bag man son of The Dementia Patient will get you. Of course there are probably videos far exceeding anything released so far….
7 people like this.

Reply 5 - Posted by: bighambone 9/28/2023 2:18:43 PM (No. 1565167)
The DC politicians have to give the Chinese a couple of times more taxpayers money than necessary, to allow enough for the “kickbacks” that will surely come after the smoke clears.
8 people like this.

Reply 6 - Posted by: leonardo 9/28/2023 2:37:15 PM (No. 1565180)
Communist Illinois under Pritzker WELCOMES CCP … no surprise.
10 people like this.

Reply 7 - Posted by: DVC 9/28/2023 2:54:05 PM (No. 1565190)
Pay off a few politicians for $50K each, and get $7.5 billion in taxpayer subsidies to run any American companies out of this business.
8 people like this.

Reply 8 - Posted by: EJKrausJr 9/28/2023 3:03:26 PM (No. 1565200)
Xi expects return on his investment in Hunter Biden. JRB has no choice but to obey his puppeteer.
8 people like this.

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Chinese plant planned for Manteno could
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8 replies
Posted by AltaD 9/28/2023 12:33:01 PM Post Reply
Illinois politicians and members of the House Select Committee on the Chinese Communist Party have raised concerns about the sizeable subsidies being granted to the Chinese electric vehicle battery maker, Gotion. Gotion is linked to the Chinese Communist Party (CCP) and aims to build a $2 billion plant in Illinois while receiving $7.5 billion in federal tax credits, (Snip) “And to give that money to a Chinese company that is already subsidized by the Chinese government is a serious mistake. China’s goal is to dominate the global battery industry, and forcing American taxpayers to unwittingly fund the CCP’s ambitions is a direct threat to U.S. economic and national security.”
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