GGR - Gogoro: Forget Latam It's Only Big In Taiwan
2024-02-03 05:55:29 ET
Summary
- Gogoro has announced plans to set foot in Latin America through a partnership with Copec.
- The details about the deal are few and I don’t have high hopes considering Gogoro has failed in its expansion plans for Europe and Asia.
- In addition, I expect 2024 to be underwhelming for the company due to a price war in the scooter market in Taiwan.
Introduction
On February 1, I stumbled upon an article on CleanTechnica about the Latin American expansion plans of Taiwanese electric scooter firm Gogoro ( GGR ). I’ve written a total of four articles on SA about the company, the latest of which in March 2023 when I said that Gogoro was behind on its growth plans and that it was likely to be in the red for the year....
Gogoro: Forget Latam, It's Only Big In Taiwan