The U.S. government is set to impose new restrictions that could limit two Chinese-linked battery companies from carrying out their plan to build plants next to military installations, the Treasury Department announced on Monday.
The Treasury Department issued a new proposal Monday to expand the Committee on Foreign Investment in the U.S.’ (CFIUS) ability to prevent certain foreign-linked companies from buying up land near U.S. military installations inside the country. The proposed rule would stonewall both Cnano USA and Gotion Inc., two separate subsidiaries of
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