Gogoro Inc. (NASDAQ:GGR) Q3 2023 Earnings Call Transcript

Horace Luke: I’ll take that as well, Bruce. I think the question of enabling using our battery power and our battery swapping system for others is exactly along our thesis. We have, of course, been partnering with Yamaha, with Suzuki Taiwan, with A Motor, that’s by Aon, with PGL, and a number of other vehicle makers, a total of about 11 or 12 different vehicle makers across the world. The list keeps growing and growing and growing, because they see the value on what our technology brings to them when they think about electrification of their fleet and their businesses. I think all of us can agree that there is, an imminent change coming, especially around lighter weight urban mobility where electrification is possible and will happen and so we’re working with these larger vehicle makers to bring our value of not only our battery, but our battery swapping system that enable the consumer to get on board without having to worry about range anxiety, without having to worry about buying a battery, which not only is the purchase price of the battery, but also the replacement cost potential when the battery needs to retirement.

And also at the same time, providing city governments a great solution for safety and predictability as we put these stations and centralize our charging, instead of scattering them all around the different parts of apartment buildings and all over town. We do counselling work with a number of other vehicle makers as well, planning for even a greater footprint, not only in different cities, but also with different vehicle types and different brands across the world. Thank you.

Operator: [Operator Instructions] I see there are no further question at this time. I’d like to hand the call back to Michael for closing.

Michael Bowen: Okay. Thank you, Operator. So, at this time, we will hand the conference back over to Horace for a few closing remarks. Thank you.

Horace Luke: Thanks, Michael. I’m always energized by the chance to share with you a progress with all the investors that are on the call. In a tough market condition like we’re facing today, we’re focusing on continuing to deliver technology and solutions that customers want. This can take us in the shape of new vehicles or services, improve management of our Gogoro Network or the initiation of our services in new markets. We’ve launched a number of these new services and products in Q2 and Q3, and we’ll keep doing so in the remainder of 2023 and into Q1 2024. At Gogoro, we believe it is a great time to be contributing to the transition to green urban mobility and we appreciate your support along the way. Thank you for calling in today. Thank you.

Operator: Ladies and gentlemen, that does conclude today’s conference call. Thank you for your participation. You may now disconnect your lines.