Bollore’s Blue Solutions signs MoU with Foxconn and SolidEdge to develop bike batteries

(Reuters) – French battery maker Blue Solutions, a unit of Bolloré Group, has signed on Tuesday a memorandum of understanding (MoU) with Taiwan’s 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.
-TheStar

(This story has been corrected to fix the name and location of Foxconn in paragraph 1)

(Reporting by Pierre John Felcenloben, Editing by Louise Heavens)