Commerce Secretary Gina Raimondo has a conflict of interest. She must work with her agency to combat and counter China on the world stage, all while supporting her husband’s position as a top executive for an artificial intelligence company whose major venture capital firm investor Is backed by the Chinese government.
Danhua Capital is based in California and is financially backed by the Chinese Communist Party. They are also one of the main funders of PathAI, an artificial intelligence firm that employs Raimondo’s husband, Andy Moffit. Moffit acts as the chief people officer.
The Chinese firm lists PathAI as one of its featured “biotech and health” investments on its website, although it’s unclear how much specifically Danhua Capital has invested. According to a 2018 Reuters report on the firm, Danhua Capital was established and funded as part of the Chinese government’s “penetration of Silicon Valley.”
In 2018, the Center for a New American Security (CNAS) testified before Congress that Danhua Capital’s mission is to use capital to narrow the technology gap between China and the United States. The Washington Free Beacon reports that many staffers from CNAS, a liberal think tank, are now employed in the highest ranks of the Biden administration.
The Wall Street Journal reported on Friday that Raimondo’s agency was pushing back on efforts by others in the Biden administration to block Chinese technology firms from working with American companies. Commerce officials are arguing internally, according to the report, that the administration’s tougher approach to China would hurt U.S. companies.
Raimondo said on Thursday she would not urge U.S. companies to pull sponsorships from the upcoming Beijing Olympics after President Joe Biden announced a diplomatic boycott of the games over human rights abuses. “What individual companies do is entirely up to them,” Raimondo said. “We’re not going to pressure them one way or another.”
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Electric Vehicle company with Chinese ties awarded $500 million of taxpayer money for 2nd U.S. plant
With a little help from their Democrat friends, a Chinese electric vehicle (EV) battery company with ties to the Chinese Communist Party just announced the opening of its second plant in the United States.
Fox News reports Gotion Inc., whose parent company Gotion High-Tech is based in Hefei, China, unveiled plans to build a $2 billion lithium battery plant in Manteno, Illinois, alongside Democratic Gov. J.B. Pritzker, who cheered the project.
The announcement comes amid growing opposition to the company’s plans to build a billion-dollar factory in Mecosta County, Michigan.
In order to make the expansion happen, lobbyists for the Chinese Communist Party-tied electric vehicle company funneled cash to Democrats. “Individuals at a law firm registered as foreign agents to lobby on behalf of Gotion, a Chinese electric vehicle battery company developing a controversial project in Michigan, and wired campaign contributions to several top Democrats” reports Fox News.
“According to state and federal filings, Monique Field-Foster, an attorney at the Lansing office of the Warner Norcross + Judd law firm who is acting as a foreign agent on behalf of Gotion, donated to the campaigns of Democratic Gov. Gretchen Whitmer, Whitmer’s sister Liz Gereghty and Michigan Democratic Senate hopeful Rep. Elissa Slotkin” the Fox News report continued.
“With the right incentives, nation-leading infrastructure, world-class workforce and booming clean energy production, we have transformed ourselves into an attractive location for global manufacturers. Today, we take another leap forward. It’s my pleasure to welcome Gotion to Illinois and to show the world yet again that Illinois is ready to be a player on the world stage.”
Pritzker delivered remarks late last week thanking Gotion for choosing Illinois to call “home” in a ceremony with leaders from Gotion High-Tech, including Li Zhen, the company’s chairman and president, who said he expected the factory to open in less than 12 months.
“All that we see here [in Illinois] are of enormous value to us: an enabling business environment, a supportive state government for the new energy industry and their highly efficient work, as well as the prospects of the State of Illinois in the coming years,” the Gotion president added. “We believe that Gotion’s battery technology will help to boost e-mobility in North America and the economic and trade exchanges between China and the U.S.”
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