Since last year, GM began to reorganize the entire group's business, and consumer-oriented businesses such as home appliances have been stripped.
GE's home appliance business in the United States allegedly obtained bids from Midea and Qingdao Haier.
Although the popularity of the household appliances market in China is limited, GM's home appliances such as refrigerators, washing machines, and dishwashers are the real name in the US market. It would not be an exaggeration to say that this already established manufacturer with more than 100 years of history has become part of the home in many American families.
Since last year, GM began to reorganize the entire group's business and proposed a strategy to accelerate the development of infrastructure-related businesses that are committed to growth and high profitability. Its core business has been shifted to energy, healthcare, home, transportation, and finance. In areas such as consumer electronics, home appliances and other consumer businesses have been separated.
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