(Reuters) – French battery maker Blue Solutions, a unit of Bolloré Group, has signed on Tuesday a memorandum of understanding (MoU) with China’s Hon Hai Technology, known as Foxconn, 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.
(Reporting by Pierre John Felcenloben, Editing by Louise Heavens)
