Gogoro last yearMajor changes to the management team, and announced earlier this yearPromoting operational reformsAfterwards, the board of directors announced today (9/16) that it will complete a NT$2026 billion private placement capital increase in 25 to inject funds for the next stage of development. It also announced the removal of Jiang Jiawei from his position as acting CEO and officially becoming Gogoro's new CEO, continuing to lead the company in promoting strategic focus and international expansion.
Earlier this year, Gogoro announced plans to strengthen its energy network development, simplify its vehicle product line, and enhance its product strategy and organizational efficiency, thereby focusing on creating long-term value for customers and the company. Gogoro stated that its operating cash flow in the first half of 2025 reached US$1520 million, a significant increase compared to the same period last year, and its operating expenses decreased by US$1100 million year-on-year.
Gogoro expects that its energy business will break even in 2026, achieve free cash flow in 2027, and its vehicle business will break even in 2028, gradually establishing a solid financial foundation.
In terms of products, Gogoro will launch three new models in 2025, actively entering the electric vehicle market, including theGogoro Pulse Special Edition, Green-plate models for short-distance travelGogoro EZZY, and the recently announced one that focuses on the needs of white-label commutersGogoro EZZY 500, while also maintaining the previously proposed development model of simplifying the vehicle product line.
Regarding the capital increase, Ruentex Group President Yin Yanliang stated that Gogoro has demonstrated its commitment and achievements in operational reforms, and that the company will continue to support its net-zero transformation and urban sustainability vision. Director Yin Chongyao emphasized that the board fully recognizes the team's expertise and strategic direction, which will assist Gogoro in accelerating its industrial upgrades and implementing energy and transportation sustainability.
Chairman Tseng Dameng pointed out that Gogoro has established global competitiveness through its innovative business model, operating the world's largest battery swap network and serving more than 65 car owners. In the future, Gogoro will export its battery swap system to the Southeast Asian market with Taiwan as its core, exploring new growth opportunities.
Jiang Jiawei, who has been appointed as the new CEO after being relieved of his previous role as acting CEO, stated that the capital increase will be used to develop next-generation vehicles and batteries, promote cascade applications and energy storage solutions, and implement market expansion in Vietnam. This will ensure Gogoro continues to lead the international electric vehicle market and provide consumers with a more stable and high-quality user experience.
