Gogoro strikes deal with Yadea and DCJ to build a battery-swapping network in China

Gogoro strikes deal with Yadea and DCJ to build a battery-swapping network in China

3 years ago
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https://techcrunch.com/2021/05/18/gogoros-electric-vehicle-technology-will-make-its-china-debut-through-a-deal-with-yadea-and-dcj/

Less than a month after announcing a partnership with India’s largest two-wheeled vehicle maker, Gogoro is taking another big step in its global expansion plans. This time the market is China, where Gogoro’s technology, including its swappable smart batteries, will be used in scooters made by Dachangjiang Group (DCJ), one of the country’s biggest motorcycle makers, and Yadea, one of it top electric two-wheel companies. DCJ and Yadea will jointly invest $50 million in an operating company to develop new two-wheel vehicles with their own branding that use the Gogoro Network, including its batteries, drivetrains, controllers and other components.

“Think of it as DCJ and Yadea combining to create an AT&T,” Gogoro co-founder and chief executive officer Horace Luke told TechCrunch. “Gogoro will be the technology that powers them, so think about it like we’re the Ericsson.”