"...an energy policy that will create millions of new jobs that pay well and can't be outsourced.
That's the change we need..."
-candidate Barack Obama
June 3, 2008
That pitch has been made hundreds of times over the last three years while the reality is that GE and GM are the poster children for the new iteration of venture socialism.
General Motors and General Electric signed a memorandum of understanding to cooperate on deploying electric vehicle charging stations in China, the companies said Thursday.
GM and GE said in a statement that they would introduce GE charging systems in Shanghai's Jiading district and at GM's Shanghai headquarters.The companies will work together with Chinese ministries, regulators and grid operators to formulate electric vehicle standards in the country, the statement said.The statement said GE would purchase GM's Chevrolet Volt electric vehicle to use at its China headquarters in Shanghai, and that GM will begin selling the Volt in China before the end of the year.The Jiading district government announced earlier this year that it plans to establish 770 recharging stations by the end of 2011.