French battery maker Blue Solutions, a unit of Bolloré (BOLL.PA), has signed on a memorandum of understanding (MoU) with Taiwan’s Foxconn (2317.TW), and its subsidiary SolidEdge to develop solid-state batteries for electric bikes.
The groups said in a joint statement the collaboration will initially target Indonesia, where the market goal is to reach 13 million electric bikes by 2030.
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