GOGORO-FOXCONN'S GLOBAL EXPANSION

 Gogoro and Foxconn announced yesterday its partnership aimed to globalize Gogoro’s battery swapping and smart vehicle technology. Gogoro’s founder and CEO, Horace Luke, commented on Gogoro-Foxconn's plans for expansions, “Our ability to rapidly scale our manufacturing to meet global demands is vital… Together, our companies will be on the forefront of rolling out smart mobility solutions in cities around the world.”  

Foxconn has made several aggressive investments in the global EV ecosystem, including USD 15.5M in AutoCore automobile software, 36M in Gigasolar EV battery, partnership with Thailand’s state-run energy group PTT, and manufacturing deals with Byton and Fisker. At this rate, Foxconn is on its way to become one of the world’s leading manufacturers of EV’s. 

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