Audi to offer electric cars in 5-10 years
FRANKFURT, GERMANY - Audi, the luxury unit of Volkswagen, sees great opportunities in electric cars and will offer automobiles with no exhaust emissions within ten years, its top executive told a German weekly.
Rupert Stadler told Welt am Sonntag in an interview that he expects diesel and battery technology to dominate in the coming five to ten years.
"By then we will offer cars without exhaust emissions," Stadler said.
Asked if Audi was not lagging domestic rivals Mercedes and BMW in the development of lithium-ion batteries that are more powerful than batteries used now in hybrids, Stadler said Audi's research capacities were larger than those of its German competitors.
"Electric cars offer great opportunities, which we have already seized on," Stadler said without elaborating.
Developing fuel-saving technology tops the agenda of Germany's car industry in an effort to fulfill stricter emission regulations and conserve fuel.
BMW has said it would decide this year whether to build an electric vehicle, while U.S. carmaker General Motors plans to roll out its Chevrolet Volt plug-in electric car in 2010.
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The city will provide electric energy capacity of about 42 megawatts to Hut 8 Mining Corp., which will construct bitcoin mining facilities near the city's new Unit 16 power plant.
The operation is expected to be running by September and will triple the company's operating power to 60.7 megawatts, Hut 8 said.
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"The signing of the electricity supply agreement and the land lease represents a key component…