Taiwan's electric scooter vendor Gogoro sets foot in China
- Gogoro joined joined hands with two Chinese two-wheeler makers.
- Gogoro also has a partnership with Hero MotoCorp.
Taiwanese electric scooter vendor Gogoro said on Tuesday it has partnered with two Chinese two-wheel vehicle makers to offer its battery-sharing infrastructure, ramping up efforts to expand its overseas market. Taipei-based Gogoro, known for its battery distribution network for riders, will build battery-swapping platforms in China in a joint venture with Dachangjiang Group and Yadea Group Holdings.
In April, Gogoro announced a similar partnership with India's Hero MotoCorp to build battery-sharing infrastructure in the world's largest motorcycle market. The two Chinese vendors will develop a range of two-wheel vehicles built for Gogoro's battery-swapping platform, the Taiwanese company said.
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"We all share an ambitious vision for changing how China's cities operate in smarter and cleaner ways," Horace Luke, founder and chief executive officer of Gogoro, said in a statement. Partly funded by investors including Singapore's Temasek and Japan's Sumitomo Corporation, Gogoro has in recent years launched scooter-sharing services in Europe and battery sharing infrastructure in Japan.
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But domestically the company has trailed competitors Kymco and Sanyang Motor, which mainly produce lower-priced gasoline powered scooters, despite government subsidies on electric vehicles.
