Advertisement
Canada markets closed
  • S&P/TSX

    21,947.41
    +124.21 (+0.57%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +449.98 (+1.18%)
     
  • CAD/USD

    0.7303
    -0.0006 (-0.08%)
     
  • CRUDE OIL

    78.20
    +0.09 (+0.12%)
     
  • Bitcoin CAD

    87,927.80
    +122.97 (+0.14%)
     
  • CMC Crypto 200

    1,332.82
    +55.84 (+4.37%)
     
  • GOLD FUTURES

    2,301.80
    -6.80 (-0.29%)
     
  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     
  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     
  • NASDAQ futures

    18,000.75
    0.00 (0.00%)
     
  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     
  • FTSE

    8,213.49
    +41.34 (+0.51%)
     
  • NIKKEI 225

    38,236.07
    -38.03 (-0.10%)
     
  • CAD/EUR

    0.6783
    -0.0004 (-0.06%)
     

Audi to develop solar-embedded panoramic roof with China's Hanergy

FILE PHOTO: The logo of Audi is pictured at the Auto China 2016 auto show in Beijing, April 25, 2016. REUTERS/Kim Kyung-Hoon/File Photo - (Reuters)

BEIJING (Reuters) - Audi , Volkswagen's main profit driver, on Wednesday said it was working with China's Hanergy Thin Film Power Group <0566.HK> to integrate solar cells into panoramic glass roofs for an upcoming Audi electric vehicle (EV). Alta Devices, a unit of the Chinese solar cell firm Hanergy, will design the solar-embedded vehicle roof that will eventually help increase the range of EVs by feeding solar energy into internal electrical systems, such as air conditioning and other appliances, Audi said in a statement. The prototype of the vehicle with a solar roof will be built by end-2017, the automaker added, without giving any details on investment and estimated time frame for mass-production. Audi, which has been grappling with car recalls, prosecutor investigations and persistent criticism from unions and managers over an emissions scandal and its performance post-dieselgate, is currently looking to shift its focus to EVs. Last month, Audi said it aimed to cut costs by about $12 billion by 2022 to help fund the shift. It is also looking to free up funds for investments in zero-emission technology by developing a new production platform with Porsche, allowing both VW brands to save money by sharing components and modules. In its statement on Wednesday, Audi said it plans to make three battery-electric models by 2020 and aims to cover one third of its vehicles with fully electric drivetrains by 2025. At a later stage, Audi said it hopes to be able to use solar energy to directly charge the traction battery. "That would be a milestone along the way to achieving sustainable and emission-free mobility," said Dr. Bernd Martens, Board of Management Member for Procurement at Audi. Hanergy presented four solar-powered EVs last year, and has been seeking to cooperate with car producers to mass produce its solar devices. (Reporting by Muyu Xu and Beijing Newsroom; Editing by Himani Sarkar)