Robert Bosch GmbH says it plans to kind a joint venture with Chinese business Ningbo Polaris Technology to generate wheel hub motors for electric scooters.
Bosch will hold a majority share of the venture, but did not disclose far more details.
Ningbo, which employs 450 workers, makes motors for electric scooters beneath the Poltm brand. Final year, the organization sold 1 million motors.
The global market place for electric scooters is expanding steadily. Final year, 27 million electric
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