Hanergy Holding Group Ltd. the Beijing-based parent of Hanergy Thin Film Power Group Ltd., introduced four solar powered cars in its mission to expand the use of photovoltaic technology to products ranging from furniture to bags.
The company in a statement mentioned about the commercial potential of cars powered by solar cells. The car can be charged while driving in the daylight and it also contains lithium batteries through which it can be charged at charging stations when the sun is down, which makes it suitable for long distance trips.
The shares of Hanergy Thin film Power Group Ltd were suspended a year ago after 47 percent plunge in one day. After the trading was suspended in May 2015, the company delayed its plan to provide prototypes of its solar cars. According to the statement by company officials, it signed a framework agreement with Beiqi Foton Motor Co. to develop clean-energy buses with Hanergy’s thin-film cells.
The car would get its power from thin-film solar cells affixed to their bodies. In Ideal circumstances, the solar powered cars can travel about 80 kilometers (50 miles) on a five- to six-hour charge in the sun.
The technology used in the car cell’s is from Alta Devices Inc., which was purchased by in 2014, according to Hanergy Holding.
The Beijing based company said that the cost of thin-film solar panels could fall by more than 90 percent, when they achieve economies of scale by producing large volumes of car.
Hanergy last year announced deals to outfit recreational vehicles, tour buses and catering trucks in China with solar cells that would help run some individual systems.