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The Nexus
BUSINESSJun 21 · 09:00 UTCSCMP CHINAKhushboo Razdan

The US town, the Chinese company and the bankrupting battle over a battery plant

Residents of Green Charter Township, Michigan, celebrated overturning a town board's support for Gotion's $2.36 billion electric vehicle battery project. The new board rescinded the plan, marking a victory for local democracy over the Chinese-headquartered manufacturer.

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