How many swappable batteries would any brand make? That's a rhetorical question. Honda has already answered that. They would only do the MPP. So it's goodbye to SBMC, which may be the consortium's death knell. With Honda and Yamaha exiting, there is not enough meat on the bone.
The company's overall revenue were down amidst slowly increasing battery swapping revenues getting pulverised by steadily declining scooter sales. A worsening product mix and an enhanced focus on commercial energy storage opportunities were some key takeaways from the annual results.
The industry takes slow yet significant strides towards electrification
Financials stay depressed, though we have a clean chit on the Taiwanese government's charges against the company that had led to Horace Luke resigning. Now, a bigger problem is on the horizon - the Nasdaq listing may not be maintained.
Are EVs loaded with features that are really smart? Do they create a high-enough barrier to entry? Is there an exclusivity? How long can it stay? What happens after that?
Gogoro plunged into a crisis due to the Taiwanese government's enquiry into its claimed local sourcing of motor controllers on the Viva model. The Founder-CEO has resigned...
With revenues from battery swapping growing while those from vehicle sales declining, Gogoro may have a problem with the wrong business model. This creates a situation where the brand is bigger than the business
