Gotion Inc. will continue to move forward with due diligence on its planned battery component facility that will create more than 2,300 jobs in Green Charter Township after the U.S. Department of Treasury determined that its proposed purchase of multiple parcels of land in Michigan is not a covered real estate transaction and is not a covered transaction under the Defense Production Act of 1950, as amended.

“We voluntarily submitted all the needed documents to the U.S. Department of Treasury Committee on Foreign Investment in the U.S. to be transparent and accountable and received the response that it is not a covered transaction,” said Chuck Thelen, vice president of Gotion Inc. – North American Manufacturing.

Gotion Inc.’s proposed battery component facility in Mecosta County will invest more than $2.36 billion into the local region and create more than 2,300 good-paying manufacturing jobs for area families.