The US conglomerate General Electric (GE) announced on 7 May its establishment of a global strategic alliance with China XD Electric.
The US giant is a leading provider of grid automation systems in the sector of electric transmission and distribution equipment (T&D), while XD Electric, listed in Shanghai, is one of the largest producers of T&D equipment.
The alliance is still subject to regulatory approvals and the two sides expect to begin joint operations in the fourth quarter this year.
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