Jumping on the electric bandwagon

A battery manufacturer is set to debut strongly on the French stock exchange, despite huge losses, reflecting excitement about the electric-car industry.

A flotation of French battery maker Blue Solutions may value the loss-making company at up to €418 million ($US564 million), its owner said on Thursday, signalling growing investor appetite for electric-car technology.

Bollore group, which is controlled by French industrialist Vincent Bollore, said it had set an indicative offer price of between €12 and €14.50 per share for the company that makes batteries to power cars.

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