All New Solar Roof Charging System will be introduced by Kia and Hyundai

Hyundai Motor Group is currently developing three diverse types of solar roofs for cars with fully electric hybrid engines and ICE engines respectively. Although rechargeable solar panels have been integrated in vehicles, including the Toyota Prius plug-in, this is the first time the technology is applied to an ICE-only car.

All New Solar Roof Charging System will be introduced by Kia and Hyundai

The first type, which should come next year, is hybrid. It can charge 30 to 60% of the battery for a day, according on the weather. The vehicle can then use this energy to decline engine use, thereby boosting the fuel consumption and CO2 emissions.

The second is designed for vehicles only ICE and has a semitransparent sunroof that charges the battery of the vehicle. This system will be followed by a third system for fully electric vehicles, comprising solar panels on the roof and the hood to increase power generation.

All three types use silicon solar panels that can generate up to 100 W of electricity, which are powered by a controller to increase its efficiency before being transmitted to a battery.

It has not yet been confirmed that Hyundai and Kia vehicles will first be equipped with the technology or when they will be accessible in the UK.

“In the future, we plan to integrate many types of power generation technologies into our vehicles, the sunroof is the first of these technologies and means that cars will not inertly consume energy but will actively start producing it,” says vice president of the Executive President of Engineering and Design. Division of Hyundai Motor Group, Jeong Gil Park Further added, “This is an exciting development for us, designing a technology for vehicle owners to help them shift from energy use to energy production.”

The solar charging system comprises a solar panel, a battery, and a controller and when the panel absorbs the photons from sunlight, it makes openings of electrons in the silicon cells, allowing the flux to flow and generate electricity.

Commodity Prices Struggles, Indicates Troubled Times For Stocks

Stock prices have now seen the shine of profit in recent days. There are still some products which have not been able to catch up and struggling with the loss. According to market analysts, this might lead to a loss for the investors. The stock prices of S&P 500 have increased since 29th October 2018. There has been rising in the prices by 6%. The news is not so good for products which fall under the category of gasoline, platinum, copper and oil. The share prices of these goods have slumped by 20%. Lower product price is considered an indicator of slow economic growth. The main reason for considering product prices as an indicator of economic growth is, commodities are used for building infrastructure and creating power for the machineries and cities.

Commodity Prices Struggles, Indicates Troubled Times For Stocks

According to Komal Sri Kumar, the President of the Sri Kumar Global Strategies, global economy is slowing down due to the decline in the product prices. He thinks the equity prices of the goods will not improve by itself. The reasons for such low product prices are higher dollar rates, disputes among countries regarding international trade and the weak overseas market. The Federal Reserve has followed a strict monetary policy this year. It has already increased the rates thrice in this financial year and is supposed to raise it one more time before the year comes to an end. The higher the rates, the more expensive are the commodities. This is because as the rates rise, storing the products become more expensive. The high price of the dollar has just not affected the imports, but the US- manufactured goods have also faced challenges. According to Ilya Feygin, who is the senior strategist of Wallach Beth Capital, informed that amongst all commodities, metals have suffered the most. Economists feel that the growing trade tensions between Washington and Beijing can worsen the condition.