Bollore’s blue solutions signs MoU with foxconn and solidedge to develop bike batteries

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.