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Sunday, January 31, 2021

VW's MEB Electric-Vehicle Components Will Power Solar Yachts in 2022 - Car and Driver

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  • From the VW ID.3 and ID.4 to this solar-powered ship called the Silent-Yacht 50, VW is ready to spread its EV love around as part of its overall promotion of electromobility.
  • VW is partnering with Austrian builder Silent-Yachts and VW division Seat's Cupra on the electric boat, which will use VW's batteries, pulse-controlled inverters, and electric motors.
  • We're starting to detect a bit of a trend here, since both Toyota and BMW have also looked for ways to adapt their zero-emission powertrains to the open seas.

For millennia, watercraft were the only zero-emission vehicles on the planet. But then along came wheels and then diesel engines and bunker fuel, and things got messy. Sure, sailboats have always kept their carbon-neutral propulsion system, but they're about to be joined by solar-powered yachts powered with help from Volkswagen.

Working with solar-electric yacht company Silent-Yachts, VW is adapting its MEB modular e-drive system (as seen in the ID.3, for starters) for use on the open seas. The two companies started working together in 2019. Silent-Yachts founders Heike and Michael Köhler have been trying to find a greener way to plow the seas since starting research on alternative-energy yachts in 2005. They built the first oceangoing yacht to "exclusively use solar energy not only for the actual propulsion, but also to power all the equipment on board" in 2009. That ship, called the Solarwave 46, turned into a business with 400 employees that has built a dozen solar-powered catamarans since then.

Now, Silent-Yachts and VW will take the automaker's modular electric vehicle platform, called MEB, to the water as a way to reduce the costs of making zero-emission ships. As with wheel-based EVs, VW says that using an electric powertrain means "maintenance and servicing are reduced compared to a conventional yacht, as the electric drive system is less susceptible to repair than conventional engines."

VW-powered ship will be called the "Silent Yacht 50" and will use batteries, pulse-controlled inverters, and electric motors from VW. The inverter will be programmed differently for use in the ship instead of a car, and Silent-Yachts will also change some of the software interfaces to suit its needs. The Silent Yacht 50 will be able to use up to six batteries and have 500 kW of power.

Volkswagen says its expansion to yacht building partnerships is a way both to encourage excitement about electric vehicles in general and to prove that "driving pleasure, long ranges, quiet cruising, and clean mobility are also possible on the high seas." The one asterisk there is that while battery-powered yachting is entirely possible, all of Silent-Yachts' models have a backup diesel generator onboard in case of emergencies.

So, VW supplies the powertrain, Silent-Yachts brings the shipbuilding experience, and that leaves room for a third partner, Seat's performance brand Cupra, to help with design. The automotive designers at Cupra "had to think in completely different terms of dimensions, proportions, and surfaces," VW says, as they worked on the Silent Yacht 50. We say the results speak for themselves, with renderings that look sleek and ready for action.

We have to wait to see the first physical MEB-powered yacht, though, as it won't hit the waves until 2022, if everything goes according to plan. From there, Silent-Yachts will ramp up production over four years until it reaches the capability to make 50 ships a year.

Volkswagen has made bold claims about the power of batteries before, not only for wheeled transportation. Battery-powered options "are considered by experts to be one of the best choices for vehicles that combat climate change," the company said last September in a corporate blog post about "Why battery power will drive the future of transportation."

VW is not the only company interested in adapting a zero-emission powertrain for boating. Toyota and Yanmar used hydrogen tanks from the Mirai fuel-cell car for a zero-emission boat concept last year. In 2019, BMW and Torqeedo adapted batteries from the i3 and i8 for marine use in the company's electric boats.

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Hyundai execs wary of Apple electric car partnership: Report - Business Insider - Business Insider

Electric Car Charging As Fast As Gasoline Is The Aim, But Barriers Remain - Forbes

Saturday, January 30, 2021

Hyundai said to be 'agonizing' over Apple's electric car - Yahoo Tech

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The Upcoming Catalyst That Could Move Chinese EV Stocks Nio, Xpeng, Li Auto

Chinese electric vehicle stocks have seen some moderation in momentum in recent sessions. One upcoming catalyst could lift the stocks out of this lackluster phase: the January delivery numbers that are due next week. Finding The Sweet Spot In China's EV Market: China is a hot EV market, both from the perspective of the addressable market opportunity and supply. "China is a greenfield EV market opportunity for many well positioned auto players as we believe overall EV sales can potentially double in the region over the next few years given the pent-up demand for EV vehicles from customers across all price points," Wedbush analyst Daniel Ives said in a note. Goldman Sachs analyst Fei Feng estimates EV penetration, including battery electric and plug-in hybrid vehicles, will increase from 5% in 2020 to 20% in 2025, 53% in 2035 and 80% in 2050. Xu Haidong, the deputy chief engineer of China Association of Automobile Manufacturers, said in a summit late last year that China's EV sales might reach 1.8 million units in 2021 — up 40% from a year earlier — thanks to stable economic growth, continuous stimulus policies on vehicle consumption and sales promotions by manufacturers. Yet the supply side is crowded with homegrown startups, international pure-play EV company Tesla Inc (NASDAQ: TSLA) and traditional automakers all vying for a piece of cake. Among the players in China, the standouts include Nio Inc – ADR (NYSE: NIO), Xpeng Inc – ADR (NYSE: XPEV), Li Auto Inc. (NASDAQ: LI) and WM Motors, backed by both Baidu Inc (NASDAQ: BIDU) and technology conglomerate Tencent Holdings ADR (OTC: TCEHY). Deutsche Bank Securities analyst Edison Yu said the firms are collectively the "Fab Four" of the China EV market. Nio On Record Streak: Nio, which has a premium positioning in the China EV market, has been reporting record delivery numbers of late. After the COVID-19 pandemic affected sales in the first two months of 2020, the company acquitted itself credibly through a series of innovative measures and technological enhancements. The company ended 2020 on a high, having delivered a record 43,728 vehicles for the year. It has been churning out record monthly numbers since August 2020. In December, Nio delivered a record 7,007 vehicles, comprising 2,009 ES8s, 2,493 ES6s, and 2,505 of the company's newly launched EC6s. Deliveries are sitting at a not-so-robust pace of 1,598 in January 2020. Given that Nio announced it would make good the reduction in government subsidies for vehicles purchased through Jan. 10 and a limited period zero down payment option, the pace of sales will likely have accelerated further. Nio's battery-as-a-service scheme has already begun to show a positive impact on sales. Related Link: Nio Analyst Sees Meaningful Tailwinds For EV Brand's Sales Volume Xpeng Makes The Right Noises: Xpeng, which listed its ADSs on the NYSE in late August, has also joined the party. "XPeng is well positioned to take market share in the mid-tier and lower premium market, delivering a tech-centric 'smart' experience through pushing the limits of its ADAS features and cockpit user interface functionality, especially in voice recognition," Deutsche Bank's Yu said in a note. Xpeng — which sells the G3, an EV SUV and the P7, an all-electric sedan — is expected to launch a new sedan with lidar technology this year. Earlier this week, the company launched a major over-the-air upgrade for its P7 sedan customers in China, delivering a new version of XPeng's operating system, Xmart OS 2.5.0. In December, Xpeng delivered a record number of 5,700 vehicles, a 326% increase year-over-year and a 35% increase month-over-month. For the year, the company delivered a total of 27,041 vehicles, a 112% increase year-over-year. Li Auto's Robust Performance: Li Auto also turned in a stellar December performance, with deliveries of 6,126 Li ONEs in December and 14,464 units for 2020. The monthly performance represented increases of 31.9% month-over-month and 529.6% year-over-year. Chinese EV Stock Performance: Nio shares ran up to record highs of $66.99 Jan. 11, reacting to the Nio Day event held Jan. 9. Since then, the stock has pulled back. Xpeng, meanwhile, peaked at $74.49 Dec. 24 before pulling back. After moving roughly sideways thereafter, the stock has staged a comeback in recent sessions. Li Auto is witnessing a lean patch after it hit an all-time high of $47.70, also on Dec. 24. The upcoming week's delivery numbers and the imminent fourth-quarter results could be the key to determine which way the stocks are headed. Photo courtesy of Nio. See more from BenzingaClick here for options trades from BenzingaBreaking Down Novavax's Coronavirus Vaccine Data: 2 Analyst TakesJohnson & Johnson's COVID-19 Vaccine Data: What You Need to Know© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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SOPHIE, Electronic Music's Transgressive Pop Star, Dead At 34 - NPR

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SOPHIE, seen here performing in London in March 2018, died Saturday morning after an accident. Burak Cingi/Redferns

Burak Cingi/Redferns

SOPHIE, the audacious producer who helped usher in a new era of pop-infused electronic music, died Saturday morning in Athens after an accident.

SOPHIE's publicist, Ludovica Ludinatrice, confirmed the news in a statement.

"It is with profound sadness that I have to inform you that musician and producer SOPHIE passed away this morning around 4am in Athens, where the artist had been living, following a sudden accident," the statement reads.

SOPHIE's management also shared a statement from the producer's family.

"Tragically our beautiful SOPHIE passed away this morning after a terrible accident," it reads. "True to her spirituality she had climbed up to watch the full moon and accidentally slipped and fell. She will always be here with us. The family thank everyone for their love and support and request privacy at this devastating time."

SOPHIE was a trailblazer in almost every respect. The Scottish-born, L.A.-based producer transformed underground dance music, melding the worlds of house, techno, trance, pop and the avant-garde into something brazenly new and undeniable. SOPHIE, who was transgender, also sat at the crest of a new wave of LGBTQ+ electronic producers that flouted societal norms regarding gender, identity and the status quo.

"SOPHIE was a true inspiration, the World has lost an icon of liberation," tweeted the record label Numbers, which released SOPHIE's breakthrough single, "Bipp," in 2013. "We are devastated. Our thoughts are with SOPHIE's family and friends at this time. Rest in peace."

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SOPHIE's career took off almost immediately after the release of "Bipp," which matched hi-res stutter-step production with pitched-up vocals in what would become a blueprint for adventurous pop music over the next seven years.

Even more prescient was SOPHIE's next single, 2014's "Lemonade," which anticipated the rise of hyper-pop years before acts like 100 gecs became Gen Z stars.

YouTube

As SOPHIE's star rose in the mid-2000s, the producer remained essentially anonymous, declining photography and maintaining the mystery that a mononym provides. But in 2017, SOPHIE released the video for "It's Okay To Cry," a soaring anthem of vulnerability, which showed the producer's face for the first time and served as a bold coming out as part of the trans community. "I hope you don't take this the wrong way / But I think your inside is your best side," SOPHIE sings.

YouTube

SOPHIE followed up the single in 2018 with the critically acclaimed album, Oil Of Every Pearl's Un-Insides. Fittingly released on Transgressive Records, it defied categorization at every turn, mixing maudlin pop, industrial beats and ambient canvases.

It appeared as if SOPHIE was planning a return to the spotlight in 2021. The producer just released a new raucous single on Thursday, "UNISIL."

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Friday, January 29, 2021

Outlook on the Electronic Equipment Repair Service Global Market to 2025 - Cumulative Impact of COVID-19 - PRNewswire

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DUBLIN, Jan. 29, 2021 /PRNewswire/ -- The "Electronic Equipment Repair Service Market Research Report by Product, by End Use - Global Forecast to 2025 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Electronic Equipment Repair Service Market is expected to grow from $93,978.66 Million in 2020 to $56,788.90 Million by the end of 2025.

This research report categorizes the Electronic Equipment Repair Service to forecast the revenues and analyze the trends in each of the following sub-markets:

  • Based on Product, the Electronic Equipment Repair Service Market is examined across Consumer Electronics Repair, Home Appliances Repair, Industrial Equipment Repair, and Medical Equipment Repair.
  • Based on Service Type, the Electronic Equipment Repair Service Market is examined across In Warranty and Out of Warranty.
  • Based on End Use, the Electronic Equipment Repair Service Market is examined across Industrial or Commercial and Residential.
  • Based on Geography, the Electronic Equipment Repair Service Market is examined across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Electronic Equipment Repair Service Market including B2X CARE SOLUTIONS GMBH, Electronix Services, Encompass Supply Chain Solutions Inc., Mendtronix Inc., MicroFirst Gaming Inc., Moduslink Global Solutions, Quest International, Inc., Redington Services, The Cableshoppe Inc., and uBreakiFix, iCracked, Inc..

COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. The ongoing research amplifies the research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Electronic Equipment Repair Service Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments

The report answers questions such as:
1. What is the market size and forecast of the Global Electronic Equipment Repair Service Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Electronic Equipment Repair Service Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Electronic Equipment Repair Service Market?
4. What is the competitive strategic window for opportunities in the Global Electronic Equipment Repair Service Market?
5. What are the technology trends and regulatory frameworks in the Global Electronic Equipment Repair Service Market?
6. What are the modes and strategic moves considered suitable for entering the Global Electronic Equipment Repair Service Market?

Key Topics Covered:

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Stakeholders

2. Research Methodology
2.1. Research Process
2.1.1. Define: Research Objective
2.1.2. Determine: Research Design
2.1.3. Prepare: Research Instrument
2.1.4. Collect: Data Source
2.1.5. Analyze: Data Interpretation
2.1.6. Formulate: Data Verification
2.1.7. Publish: Research Report
2.1.8. Repeat: Report Update
2.2. Research Execution
2.2.1. Initiation: Research Process
2.2.2. Planning: Develop Research Plan
2.2.3. Execution: Conduct Research
2.2.4. Verification: Finding & Analysis
2.2.5. Publication: Research Report
2.3. Research Outcome

3. Executive Summary
3.1. Introduction
3.2. Market Outlook
3.3. Product Outlook
3.4. Service Type Outlook
3.5. End Use Outlook
3.6. Geography Outlook
3.7. Competitor Outlook

4. Market Overview
4.1. Introduction
4.2. Cumulative Impact of COVID-19
4.3. Geographic Growth Opportunities

5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.1.4. Challenges
5.2. Porters Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Customers
5.2.4. Bargaining Power of Suppliers
5.2.5. Industry Rivalry

6. Global Electronic Equipment Repair Service Market, By Product
6.1. Introduction
6.2. Consumer Electronics Repair
6.3. Home Appliances Repair
6.4. Industrial Equipment Repair
6.5. Medical Equipment Repair

7. Global Electronic Equipment Repair Service Market, By Service Type
7.1. Introduction
7.2. In Warranty
7.3. Out of Warranty

8. Global Electronic Equipment Repair Service Market, By End Use
8.1. Introduction
8.2. Industrial or Commercial
8.3. Residential

9. Americas Electronic Equipment Repair Service Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Electronic Equipment Repair Service Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. South Korea
10.10. Thailand

11. Europe, Middle East & Africa Electronic Equipment Repair Service Market
11.1. Introduction
11.2. France
11.3. Germany
11.4. Italy
11.5. Netherlands
11.6. Qatar
11.7. Russia
11.8. Saudi Arabia
11.9. South Africa
11.10. Spain
11.11. United Arab Emirates
11.12. United Kingdom

12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.1.1. Quadrants
12.1.2. Business Strategy
12.1.3. Product Satisfaction
12.2. Market Ranking Analysis
12.3. Market Share Analysis
12.4. Competitive Scenario
12.4.1. Merger & Acquisition
12.4.2. Agreement, Collaboration, & Partnership
12.4.3. New Product Launch & Enhancement
12.4.4. Investment & Funding
12.4.5. Award, Recognition, & Expansion

13. Company Usability Profiles
13.1. B2X CARE SOLUTIONS GMBH
13.2. Electronix Services
13.3. Encompass Supply Chain Solutions Inc.
13.4. Mendtronix Inc.
13.5. MicroFirst Gaming Inc.
13.6. Moduslink Global Solutions
13.7. Quest International, Inc.
13.8. Redington Services
13.9. The Cableshoppe Inc.
13.10. uBreakiFix, iCracked, Inc.

14. Appendix
14.1. Discussion Guide

For more information about this report visit https://www.researchandmarkets.com/r/piex88

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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SOURCE Research and Markets

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G.M. Announcement Shakes Up U.S. Automakers’ Transition to Electric Cars - The New York Times

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Every carmaker is trying to figure out how to make the leap before governments force it and Tesla and other start-ups lure away drivers.

A new president took office this month determined to fight climate change. Wall Street investors think Tesla is worth more than General Motors, Toyota, Volkswagen and Ford put together. And China, the world’s biggest car market, recently ordered that most new cars be powered by electricity in just 15 years.

Those large forces help explain the decision by G.M.’s chief executive, Mary T. Barra, that the company will aim to sell only zero-emission cars and trucks by 2035.

Her announcement, just a day after President Biden signed an executive order on climate change, blindsided rivals who usually seek to present a united message on emissions and other policy issues. But it was also years in the making. G.M. has had a love-hate relationship with electric cars going back decades, but under Ms. Barra, who took over in 2014, it has inched its way toward a full embrace of the technology.

She has also shown a penchant for making big moves that her predecessors might have considered brash or impulsive given the company’s reputation for deliberate — or plodding to some — decision making. When Donald J. Trump became president, she pushed him to relax Obama-era fuel economy standards that G.M. had endorsed when they were put in place. Then, after Mr. Trump lost his re-election bid in November, Ms. Barra withdrew from a lawsuit seeking to prevent California from maintaining its own high fuel standards.

Now, others are searching for the right response to Ms. Barra’s latest tack. The reaction from automakers and oil and gas companies has so far been muted. But Washington is abuzz with corporate lobbyists complaining in private about what they saw as a calculated move to burnish G.M.’s and Ms. Barra’s reputations even as the industry negotiates a new fuel-economy deal with the Biden administration.

A senior G.M. executive, Dane Parker, said the company was not seeking to curry favor with the new administration. Its decision, he argued, was based on a fundamental, dollars-and-cents analysis of where the auto industry is headed and the cars that it expects to become best sellers in the future.

“We are doing this to build a sustainable business,” Mr. Parker, the company’s chief sustainability officer, said in an interview on Friday. “We want to have a business in 15 years that’s a thriving business.”

G.M. has already committed to spending $27 billion to introduce 30 electric vehicle models by 2025, and is building a plant in Ohio to make batteries for those cars and trucks. Mr. Parker said the company was looking at sites for more battery plants and working on future electric models.

“To be ready for 2035, I need to build battery plants, I need to do battery development, I need to develop electric vehicles,” he said.

One key driver of that analysis: On his first day in office, Mr. Biden signed an executive order directing the Environmental Protection Agency to immediately begin developing tough new tailpipe pollution regulations, designed to rein in the nation’s largest source of planet-warming pollution. G.M.’s announcement gives powerful political momentum to that plan, signaling that the nation’s biggest automaker supports the administration’s single largest policy to fight climate change.

Broadly, of course, the industry had been quietly gearing up for months for a possible change in the White House. Representative Debbie Dingell, Democrat of Michigan and a former G.M. executive, said in an interview, “I had been saying to all the autos: ‘When Joe Biden gets elected, your world will turn upside down. You’ve got to be at the table or else this thing gets jammed down your throat.’”

Ms. Dingell is starting to see that effort bear fruit, as other auto companies are expected to quickly come out in support of Mr. Biden’s plans.

A Bolt factory in Lake Orion, Mich., in 2018. G.M. plans to spend $27 billion to introduce 30 electric vehicle models by 2025.
Rebecca Cook/Reuters

But while G.M.’s U-turn materialized in the weeks after the election, five of its competitors — BMW, Ford, Honda, Volkswagen and Volvo — had already legally bound themselves to tougher fuel economy standards in a deal with California. G.M. is not party to that agreement and can operate under the Trump rules until Mr. Biden’s policies are enacted, potentially giving the company more time to invest in research and technology.

When Mr. Trump was president, Ms. Barra told him that the Obama-era rules were too hard on manufacturers, requiring them to sell passenger vehicles that averaged 54.5 miles per gallon by 2025. Mr. Trump relaxed the standards to roughly 40 miles per gallon, which would require no new technology — and would have allowed the emission of nearly a billion more tons of heat-trapping carbon dioxide.

The five auto companies that signed the deal with California committed to an average fuel economy of 51 miles per gallon by 2026 and had to start ratcheting up their standards with cars sold in 2021 in the state.

The Biden administration is widely expected to follow the terms of that California deal as it seeks to impose new federal rules, but they are unlikely to be completed and in effect until 2023 at the earliest.

“From my perspective, G.M. is still in the environmental doghouse,” said Drew Kodjak, executive director of the International Council on Clean Transportation, a research and advocacy organization that works on emissions reduction policy. “That doesn’t mean G.M.’s statement is not important and groundbreaking, but the proof will be in the pudding.”

A G.M. spokesman said the company had not opposed the higher standards sought by California but supported the Trump administration because it thought having a single national standard was more important. G.M. had some reason to tread lightly. Mr. Trump had publicly attacked the company and Ms. Barra several times, including for a decision to close a plant in Ohio and increasing production in China.

Ms. Barra still has a prime seat at the White House negotiating table. On Thursday, she spoke by telephone to Gina McCarthy, Mr. Biden’s top domestic climate change adviser, who will play a lead role in creating the new auto rules, and Brian Deese, the head of the White House National Economic Council, according to a person familiar with the conversations.

While no other large automakers have set a target date for selling only electric vehicles, many have moved in that direction. Ford is spending billions to introduce battery-powered models. Customer deliveries of the first of them, the Mustang Mach E sport utility vehicle, started last month. Volkswagen said last year that it planned to spend 73 billion euros ($88 billion) on electric vehicles over the next five years.

Ryan Young for The New York Times

The industry is afraid of losing market share to Tesla, the dominant electric carmaker, which is growing rapidly. Wall Street values Tesla at about $752 billion, about 10 times as much as G.M. Several start-ups, like Rivian and Lucid Motors, are hoping to follow Tesla’s footsteps this year.

And China’s decision late last year to require that most vehicles sold there be electric by 2035 is also critical because G.M. sells more cars in that country through its joint ventures than in the United States. And Britain, Ireland and the Netherlands have said they will ban sales of new gasoline and diesel cars starting in 2030.

G.M. has been talking about moving to zero-emissions vehicles for about two years. Last March, it unveiled modular battery technology that it said would lower costs. A few months later, G.M. said it could reach a point where electric vehicles cost no more than gasoline-powered ones more quickly than it had previously expected.

Ms. Barra was getting support and input from an unexpected source — the Environmental Defense Fund, which had criticized G.M. in the past. The chief executive had shared a barbecue dinner with the group’s president, Fred Krupp, at a conference in 2015, and by last fall they were in regular contact by phone and email.

“We both had an optimism we could reach common ground,” Mr. Krupp said.

In October, G.M. unveiled a Hummer electric pickup truck, and within a day it had collected enough orders to account for all the trucks G.M. planned to make in the truck’s first year.

“That was another inflection point,” Mr. Parker, the chief sustainability officer, said. “It showed consumers really are very excited about owning electric vehicles.”

Just a few weeks later, Mr. Biden became the president-elect. And by December, G.M. was meeting with his transition team, Mr. Parker said. “Our vision of a zero-emissions future aligns very well with their vision and their goals.”

At the same time, G.M. signed a pledge, known as the Business Ambition for 1.5 Degrees, to combat global warming. By early January, the company was homing in on 2035 as the likely date for the electric transition, Mr. Parker said. On Jan. 12, Ms. Barra appeared at the Consumer Electronics Show and detailed G.M.’s vision of a future with no tailpipe emissions, but gave no specific date.

Mr. Biden was sworn in on Jan. 20, and a week later, G.M. announced the end of the internal combustion engine, the technology that has been at the heart of the company, and one of the world’s largest industries, for decades.

“This is a big thing,” Mr. Krupp said. “It really does send a signal that this is the way things are going, and G.M. is going to play their part in accelerating it.”

Jack Ewing contributed reporting.

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G.M. Announcement Shakes Up U.S. Automakers’ Transition to Electric Cars - The New York Times
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Electric Cars Are Coming, and Fast. Is the Nation’s Grid Up to It? - The New York Times

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GM’s decision this week to phase out gasoline vehicles is the latest in a major shift that will mean drastic new demands on electric utilities. Here are four things that will need to happen.

Major automakers are increasingly betting that millions of new cars and trucks over the next decade will be plugged into electrical outlets, not fueled up at gas stations. That raises a question: Is the nation’s power grid ready to handle this surge of new electric vehicles?

Today, fewer than 1 percent of cars on America’s roads are electric. But a seismic shift is underway.

General Motors said Thursday that it aims to stop selling new gasoline-powered cars and light trucks by 2035 and will pivot to battery-powered vehicles. California’s governor has set a goal of phasing out sales of new combustion engines statewide in just 15 years. Automakers like Tesla, Ford and Volkswagen plan to introduce dozens of new electric models in the years ahead, spurred on by plummeting battery prices and concerns about climate change.

That shift will have sweeping implications for the companies that produce and sell electricity and manage the grid. Analysts generally agree that it is entirely feasible to power many millions of new cars with electricity, but it will take careful planning.

Here are four big things that experts say need to happen.

Charging stations in a parking lot in Corte Madera, Calif.
Justin Sullivan/Getty Images

For electric vehicles to go mainstream, charging will need to be widely accessible and convenient.

For now, most electric car owners plug in their vehicles at home and charge overnight, though this can require installing equipment that can cost up to $2,000. Many states and electric utilities already offer incentives to help defray the cost. And some groups have sought to update building codes to make new homes “charger ready,” though homebuilders have pushed back.

But there are also big challenges ahead.

While it’s fairly easy for anyone with a single-family home and a garage to install a charger, it can be far more difficult for people who live in large apartments or who rely on street parking to find a suitable outlet.

Some utilities, keen on selling more electricity, are looking to expand public charging options, and President Biden has set a goal of building 500,000 new public chargers by 2030. But financing this infrastructure is complicated, and will likely require public spending and coordination from governments.

One recent study from the Massachusetts Institute of Technology used detailed modeling to see where it might make most sense to build all this infrastructure. New chargers on residential streets, as well as high-speed charging stations along highways, would go a long way to supporting an electric-vehicle boom.

If every American switched over to an electric passenger vehicle, analysts have estimated, the United States could end up using roughly 25 percent more electricity than it does today. To handle that, utilities will likely need to build a lot of new power plants and upgrade their transmission networks.

“There’s no question that utilities can do this, but it’s not going to be trivial,” said Chris Nelder, who leads the vehicle-grid integration team at the Rocky Mountain Institute. “It takes time and money.” In a recent study, his team found that many utilities and vehicle fleet managers planning to go electric have yet to fully grapple with all the challenges involved.

For instance, Mr. Nelder said, if a transit agency wants to buy 100 new electric buses and charge them overnight, it will suddenly need large amounts of power feeding into the bus depot, potentially requiring new substations and other equipment that could mean million-dollar investments.

“That’s not something utilities can just do next week,” he said. “It takes a lot of careful advanced planning.”

There’s good news, too. In 2018, researchers at the University of Texas at Austin’s Energy Institute looked at what a shift to electric vehicles would mean for the power grid in every state. While Americans would likely pay more for electricity as utilities made necessary upgrades, that would be offset by fuel savings from not having to buy gasoline anymore.

“While it’s challenging to predict the future prices for gasoline, electricity and vehicles,” the researchers wrote, “we believe it is likely that the widespread use of EVs would reduce the overall costs of transportation in California and elsewhere. These savings are even greater if the environmental benefits, especially lower carbon emissions, are taken into account.”

Mike Blake/Reuters

For many utilities, the biggest challenge will be dealing with not just how much electricity new vehicles are using, but when they’re actually using it.

Take California. The state has a surplus of solar power during the day, but that ramps down in the evening as the sun sets. If millions of Californians with electric cars came home in the evening and immediately started charging all at once, it would put a major strain on the grid — and this in a state that has recently been suffering from blackouts.

One solution, experts say, is for utilities to get more creative about juggling exactly when electric vehicles charge their batteries, so that they don’t all power up at the exact same time and overload electrical equipment or require the construction of costly new power plants.

Some electricity providers are already moving in this direction.

Southern California Edison, which operates outside Los Angeles, offers electric vehicle owners drastically cheaper rates if they charge up during the day, when solar power is abundant. Dozens of utilities have been exploring the possibility of taking control of chargers themselves. In some programs, vehicle owners can plug in their car and specify when they will next need to use it, and the utility charges up the battery when electricity is cheapest and most plentiful.

These programs are tricky to get right and often require significant regulatory changes, but they can make a huge difference. One 2019 study by Boston Consulting Group concluded that utilities could reduce by 70 percent the costs of grid upgrades over the next decade by shifting to “optimized” charging.

Transportation now accounts for one-third of America’s greenhouse gas emissions each year, and electric cars and trucks are widely seen as a crucial part of the solution to climate change. But it would help if the electric grid that fueled these vehicles got a lot cleaner.

Today, electric vehicles in the United States usually produce fewer overall emissions than their gasoline- or diesel-fueled counterparts, even if they’re plugged into a grid that relies on power plants burning coal or natural gas, which emit carbon dioxide. That’s largely because electric motors are so much more efficient than internal combustion engines.

But there’s room for improvement. Electric vehicles would be even cleaner if utilities switched away from coal and natural gas and leaned more heavily on low-emissions sources like solar, wind or nuclear power.

That combination could have a powerful impact: One recent study by Carnegie Mellon University found that if America’s grid was close to emissions-free, and if about 84 percent of all vehicle travel was electrified, transportation emissions from light-duty vehicles would fall by 90 percent. (The decline in emissions could be even faster and larger, the study found, if policymakers took actions to reduce reliance on driving, such as expanding public transit or encouraging biking and walking.)

“The grid is getting cleaner over time, but it’s still not at zero emissions,” said Constantine Samaras, an associate professor of civil and environmental engineering at Carnegie Mellon University and a co-author of the paper. “If we want to fully decarbonize transportation, we need to do everything, and do it at full speed: fewer vehicle miles traveled, electrify nearly the entire passenger fleet, and clean up power plants.”

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Electric Cars Are Coming, and Fast. Is the Nation’s Grid Up to It? - The New York Times
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G.M. Wants to Make Electric Cars. China Dominates the Market. - The New York Times

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With government support and lavish subsidies, Chinese companies have come to dominate the market for batteries, motors and other essentials Detroit may need for its new fleets.

SHANGHAI — The business of making cars has reached a critical juncture — and it looks as if China is in the driver’s seat.

General Motors’s surprise announcement on Thursday that it aspires to eliminate gasoline and diesel cars from its fleet by 2035 and embrace electric cars follows a road map successfully drawn by Beijing. To get there, G.M., the Detroit stalwart and symbol of American industrial might, may have no choice but to embrace car and battery technologies in which Chinese companies play leading roles.

Even when setting the time frame, G.M. seems to be matching Beijing’s speed. Just three months ago, Chinese policymakers ordered that most vehicles sold in China must be electric by 2035.

“When it comes to global automakers’ electric vehicle plans, all roads lead back to Beijing,” said Michael Dunne, a former president of G.M.’s Indonesia operations.

Precisely how G.M. will shift its industrial capacity isn’t entirely clear, and the company declined on Friday to comment on what influence Beijing’s policies may have had in its planning. It didn’t mention China in its announcement on Thursday.

It didn’t have to. China has the market clout and the steadiness of regulatory policy to influence automotive decisions made from Detroit to Tokyo to Wolfsburg, Germany.

China already is by far the world’s largest car market, accounting for a third of global sales. It is bigger than the American and Japanese auto markets combined. G.M. and Volkswagen now both sell more cars through joint ventures in China than in their home markets.

But China’s sway also extends to the business of making electric cars. Worried about its own pollution problems and keen to stay competitive in the technologies of the future, Beijing has long lavished subsidies on its electric car industry. During the global financial crisis a dozen years ago, China was already offering its taxi fleets and local government agencies up to $8,800 per car to choose electric models.

Today, China is the leading maker of big battery packs for electric cars, producing considerably more than the rest of the world combined. Chinese regulations required until a year ago the use of Chinese battery suppliers, instead of their mostly Japanese and South Korean rivals, for electric cars sold with Chinese subsidies. That forced multinationals to place huge orders with CATL, the main Chinese producer.

A NIO electric car factory in Hefei, China. The country has long lavished subsidies on its electric car industry.
Keith Bradsher/The New York Times

Chinese companies dominate the world’s production of electric motors. China has even gained control of much of the world’s production of key raw materials needed for electric cars, including lithium, cobalt and minerals known as rare earth metals.

Major global automakers are already developing electric cars in China. Daimler and Toyota have jumped into extensive joint ventures with Chinese manufacturers to build electric cars. Ford Motor announced on Thursday that its new Ford Mustang Mach-E, the most head-turning car at the Beijing auto show last autumn, will be manufactured in China as well as Mexico.

So far, no Chinese company has produced an electric car that can rival Tesla in capturing the world’s imagination, although one, NIO, is trying. But China has completed many of the steps along that road. Notably, Tesla began making vehicles in a factory in Shanghai a year ago.

The world’s shift to electric cars, “is based on the Chinese technological road map,” said Yunshi Wang, the director of the China Center for Energy and Transportation at the University of California, Davis.

China is not trying to set global standards just for electric cars. It is also moving quickly to commercialize large numbers of self-driving cars, a technology developed in California. China is also trying to take the lead on how cars connect to the internet, through its planned nationwide deployment of 5G mobile communications.

Chinese government mandates require widespread installation of these technologies by 2025. That has pushed Chinese and Western companies alike to adapt.

“From this we can see, autonomous driving and intelligent connected vehicles are no longer a mere vision, they are a close reality,” Stephan Wöllenstein, the chief executive of Volkswagen China, said last week.

G.M.’s Thursday announcement validates China’s long bet on electric cars. Just a few years ago, American carmakers were committed to gasoline engines. German automakers were pushing diesels. Japanese companies were emphasizing gasoline-electric hybrids.

China chose battery-powered electric cars. It announced in 2017 that it was phasing out fossil fuels for cars by a then-unspecified date. Many in the industry were skeptical.

Mary Barra, the chief executive of G.M., flew to Shanghai two weeks later and declared that while G.M. planned to put more electric cars on the road, the company believed that consumers, not governments, should decide when to stop buying gasoline- and diesel-powered models.

“I think it works best when, instead of mandating, customers are choosing the technology that meets their needs,” she said at the time.

China has taken a different approach. Given the cost and complexity of developing electric cars, the government has set big targets and offered the support to help its companies meet them.

CHINATOPIX, via Associated Press

When it comes to the car industry, “the most important thing is what the government does,” said Liu Jing, a professor at the Cheung Kong Graduate School of Business in Beijing.

The big obstacle right now to selling electric cars is cost.

Making the battery pack costs as little as $1,500 for the simplest Chinese-brand electric subcompacts, which are not really suitable for highway driving because of their slowness and modest range. But the cost is as much as $12,000 for a high-performance car, like a Tesla. Gasoline engines in each category of car size and performance typically cost less than half as much.

Yet battery costs around the world are tumbling by nearly one fifth each year. Chinese companies with lavish government backing have built immense battery factories deep in western China, notably in Qinghai Province, where much of the lithium for the batteries is mined. Mass production has yielded formidable economies of scale.

China is also the world’s main producer of electric motors and a wide range of other electronics.

China’s drive for dominance in electric cars began in 2007. That was when Wen Jiabao, then China’s premier, unexpectedly selected a former Audi engineer, Wan Gang, to become the minister of science and technology. Mr. Wan, who had also served as president and as director of the Center of Automotive Engineering at Tongji University in Shanghai, was a passionate advocate of electric cars. Mr. Wan had strong support from China’s military and intelligence community, which had long seen the country’s oil imports as a strategic vulnerability.

Sarah Silbiger/The New York Times

In 2008, Mr. Wan’s first full year in office, China manufactured only 2,100 electric cars. But production has soared since then, reaching 931,000 last year according to LMC Automotive, a London data firm.

China also got help from Western companies who were getting little support at home. G.M. agreed in 2011 to transfer battery technology and other electric car technology to a joint venture in China with the country’s largest state-owned automaker, Shanghai Automotive Industry Corporation.

G.M.’s 2011 announcement was made at a time when the Chinese government was putting heavy pressure on foreign automakers to transfer electric car technology to joint ventures in China. Such technology transfers — which foreign companies sometimes complain they are forced to make to gain access to the big Chinese market — have become a major issue between Washington and Beijing. The transfers were cited by officials under Donald J. Trump, the former president, as one reason for launching a trade war against China.

Now many Chinese companies are joining the electric car push. Zhejiang Geely, a Chinese carmaker, announced on Friday that it and Foxconn, the contract manufacturer of Apple iPhones and laptop computers in huge factories in China, were in talks to help Faraday Future in the United States make electric cars.

By this autumn, said Mr. Liu, of the Cheung Kong Graduate School of Business, “you’re going to see a flood of electric vehicles all over the place, going into the market.”

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Outlook on the Electronic Equipment Repair Service Global Market to 2025 - Cumulative Impact of COVID-19 - Yahoo Finance

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DUBLIN, Jan. 29, 2021 /PRNewswire/ -- The "Electronic Equipment Repair Service Market Research Report by Product, by End Use - Global Forecast to 2025 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

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The Global Electronic Equipment Repair Service Market is expected to grow from $93,978.66 Million in 2020 to $56,788.90 Million by the end of 2025.

This research report categorizes the Electronic Equipment Repair Service to forecast the revenues and analyze the trends in each of the following sub-markets:

  • Based on Product, the Electronic Equipment Repair Service Market is examined across Consumer Electronics Repair, Home Appliances Repair, Industrial Equipment Repair, and Medical Equipment Repair.

  • Based on Service Type, the Electronic Equipment Repair Service Market is examined across In Warranty and Out of Warranty.

  • Based on End Use, the Electronic Equipment Repair Service Market is examined across Industrial or Commercial and Residential.

  • Based on Geography, the Electronic Equipment Repair Service Market is examined across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Electronic Equipment Repair Service Market including B2X CARE SOLUTIONS GMBH, Electronix Services, Encompass Supply Chain Solutions Inc., Mendtronix Inc., MicroFirst Gaming Inc., Moduslink Global Solutions, Quest International, Inc., Redington Services, The Cableshoppe Inc., and uBreakiFix, iCracked, Inc..

COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. The ongoing research amplifies the research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Electronic Equipment Repair Service Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments

The report answers questions such as:
1. What is the market size and forecast of the Global Electronic Equipment Repair Service Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Electronic Equipment Repair Service Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Electronic Equipment Repair Service Market?
4. What is the competitive strategic window for opportunities in the Global Electronic Equipment Repair Service Market?
5. What are the technology trends and regulatory frameworks in the Global Electronic Equipment Repair Service Market?
6. What are the modes and strategic moves considered suitable for entering the Global Electronic Equipment Repair Service Market?

Key Topics Covered:

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Stakeholders

2. Research Methodology
2.1. Research Process
2.1.1. Define: Research Objective
2.1.2. Determine: Research Design
2.1.3. Prepare: Research Instrument
2.1.4. Collect: Data Source
2.1.5. Analyze: Data Interpretation
2.1.6. Formulate: Data Verification
2.1.7. Publish: Research Report
2.1.8. Repeat: Report Update
2.2. Research Execution
2.2.1. Initiation: Research Process
2.2.2. Planning: Develop Research Plan
2.2.3. Execution: Conduct Research
2.2.4. Verification: Finding & Analysis
2.2.5. Publication: Research Report
2.3. Research Outcome

3. Executive Summary
3.1. Introduction
3.2. Market Outlook
3.3. Product Outlook
3.4. Service Type Outlook
3.5. End Use Outlook
3.6. Geography Outlook
3.7. Competitor Outlook

4. Market Overview
4.1. Introduction
4.2. Cumulative Impact of COVID-19
4.3. Geographic Growth Opportunities

5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.1.4. Challenges
5.2. Porters Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Customers
5.2.4. Bargaining Power of Suppliers
5.2.5. Industry Rivalry

6. Global Electronic Equipment Repair Service Market, By Product
6.1. Introduction
6.2. Consumer Electronics Repair
6.3. Home Appliances Repair
6.4. Industrial Equipment Repair
6.5. Medical Equipment Repair

7. Global Electronic Equipment Repair Service Market, By Service Type
7.1. Introduction
7.2. In Warranty
7.3. Out of Warranty

8. Global Electronic Equipment Repair Service Market, By End Use
8.1. Introduction
8.2. Industrial or Commercial
8.3. Residential

9. Americas Electronic Equipment Repair Service Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Electronic Equipment Repair Service Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. South Korea
10.10. Thailand

11. Europe, Middle East & Africa Electronic Equipment Repair Service Market
11.1. Introduction
11.2. France
11.3. Germany
11.4. Italy
11.5. Netherlands
11.6. Qatar
11.7. Russia
11.8. Saudi Arabia
11.9. South Africa
11.10. Spain
11.11. United Arab Emirates
11.12. United Kingdom

12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.1.1. Quadrants
12.1.2. Business Strategy
12.1.3. Product Satisfaction
12.2. Market Ranking Analysis
12.3. Market Share Analysis
12.4. Competitive Scenario
12.4.1. Merger & Acquisition
12.4.2. Agreement, Collaboration, & Partnership
12.4.3. New Product Launch & Enhancement
12.4.4. Investment & Funding
12.4.5. Award, Recognition, & Expansion

13. Company Usability Profiles
13.1. B2X CARE SOLUTIONS GMBH
13.2. Electronix Services
13.3. Encompass Supply Chain Solutions Inc.
13.4. Mendtronix Inc.
13.5. MicroFirst Gaming Inc.
13.6. Moduslink Global Solutions
13.7. Quest International, Inc.
13.8. Redington Services
13.9. The Cableshoppe Inc.
13.10. uBreakiFix, iCracked, Inc.

14. Appendix
14.1. Discussion Guide

For more information about this report visit https://www.researchandmarkets.com/r/piex88

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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