Gogoro launches battery swapping stations in China – TechCrunch

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5 months later Transaction announcement Together with two of China’s largest motorcycle manufacturers, Gogoro officially launched today, opening 45 battery replacement stations in Hangzhou. Horace Luke, co-founder and CEO of the company, told TechCrunch to target 80 stations by the end of the year before expanding to other major cities with partners Yadea and Dachangjiang Group (DCJ). He said he was.

In China, Gogoro’s battery replacement technology will operate under the Huan Huan brand, a partnership between Gogoro, Yadea and DCJ.

Both Yadea and DCJ are developing vehicles with Gogoro’s battery replacement technology, and Yadea will launch two models today, starting in Hangzhou.

Both companies have consumer demand Promoted by government regulations For electric motorcycles that require the use of lithium batteries instead of lead-acid batteries (especially). An estimated 270 million vehicles that do not meet the new regulations will need to be decommissioned by 2025.

Gogoro Announced last month Gogoro will be released on the Nasdaq after a $ 2.35 billion SPAC deal with Poema Global, which is expected to complete in the first quarter of 2022. In addition to the battery replacement network, Gogoro is known for its two unique high-end units. Although it is a wheel scooter, we do business with other manufacturers such as Yamaha, Suzuki, and ion motors to manufacture vehicles that use batteries and charging stations.

The partnership is a key factor in improving the accessibility of Gogoro’s technology, and the company Announcement of this year’s transaction With Hero MotoCorp, the market leader of Indian motorcycles.

“It’s always been seen that’Gogoro is too premium, it doesn’t reach the people who really matter in the big cities.’With Yadea and DCJ, anyone can buy it in the car. It won’t be more expensive than the big cars sold in, “says Luke.

Gogoro launches battery swapping stations in China – TechCrunch Source link Gogoro launches battery swapping stations in China – TechCrunch

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