General Electric, also known as GE, is a global conglomerate that has led a number of industries for more than a century. General Electric was established in 1892 as a result of the merger of two businesses, Edison General Electric Company and Thomson-Houston Electric Company. J.P. Morgan, a financier, arranged the merger because he believed that joining the two businesses would result in a strong and cutting-edge company.
Thomas Edison, a well-known inventor, established the Edison General Electric Company in 1878. Many electrical inventions were created and patented by Edison and his team of engineers, including the phonograph, the motion picture camera, and the incandescent light bulb. Elihu Thomson and Edwin Houston, on the other hand, created the Thomson-Houston Electric Company in 1883. The business specialized in the design and manufacture of electrical machinery, such as transformers, motors, and generators.
These two businesses came together to form a titan in the electricity sector. GE swiftly rose to prominence as a manufacturer of electrical appliances and equipment, and it also diversified into new markets like aviation, healthcare, and transportation. The first electric toaster, the first electric refrigerator, and the first jet engine were all created by GE over the years, among other ground-breaking innovations.
GE has long been a pioneer in a number of areas, but it has also encountered its share of difficulties. The business has experienced major reorganization in recent years as a result of its financial difficulties. In order to concentrate on its core activities, GE revealed a plan to sell up many of its assets in 2016.
Even though Haier is not a subsidiary of GE, it does own its appliance section. For $5.4 billion, Haier purchased the General Electric appliance division in 2016. GE’s renowned appliance names, such as GE, GE Profile, and Monogram, were made available to Haier as a result of the acquisition.
Since LG is a South Korean corporation, none of its items are produced there. LG does, however, have production facilities in the US. The business runs a manufacturing facility in Clarksville, Tennessee, where it makes washing machines.
In the United States, China has no real estate. However, the Chinese government and Chinese businesses have made significant investments in American real estate. The National Association of Realtors said that Chinese purchasers invested $13.4 billion in American real estate in 2017.
The United States is not in China’s possession in any way. However, the Chinese government and Chinese firms have made significant investments in American companies and real estate. The Rhodium Group said that Chinese investment in the United States reached a total of $46.5 billion in 2019. Due to trade tensions between the two nations, this indicates a substantial drop from prior years.