Chinese billionaire Li Hejun, chairman of solar-equipment manufacturer Hanergy Holding, is expanding his business into the auto sector.

 

Hanergy will launch five models of solar-powered cars in October, according to a post on the company’s website. The models can run up to 100 km after four hours of charging, according to the statement.

 

“Hanergy is working with three foreign partners and two domestic firms to develop solar-powered vehicles,” the firm says in the statement. “The market potential is huge.”

 

The company is also partnering with Tesla Motors in building a “supercharger network.” Hanergy in April delivered two photovoltaic charging stations for the Palo Alto, California-based electric car firm, as Elon Musk continues to invest in charging stations in China.