Gogoro’s Q2 earnings signal cautious outlook for the second half

Since launching in 2011, Gogorohas grown into an EV battery swap leader. Gogoro released its Q2 earnings results yesterday, signaling a cautious but optimistic road ahead in the second half of 2022. Today, Gogoro offers one of the world’s most extensive battery swapping networks. In fact, over the past six years, electric-powered two-wheelers have soared in popularity in Taiwan, largely thanks to Gogoro.

Gogoro’s previous growth continued in Q2, according to its earnings report, yet the second half of 2022 may be more of a challenge. When Gogoro first started developing smart batteries and electric Smartscooters, the resources needed were not readily available. Therefore, Gogoro created its own Smart factory while expanding and developing its supply chain.


92.2% of those electric scooters came from Gogoro and its partners. And this is just the start of Gogoro’s expansion plans. After achieving success in Taiwan, Gogoro looks to partner with outside OEMs while growing into other regions.

A big part of Gogoro’s success is due to the ease of use behind its e-scooters and battery swap services. Rather than charging your Gogoro e-scooter at home, you can pull up to a GoStation and swap it for a charged one in seconds.