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Gogoro , the Taiwanese electric iceboat manufacturer and battery - swapping giant , suppose its CEO and chairman Horace Luke has stepped down amid subsidy fraud allegation , according to aregulatory filing .
Gogoro allegedly used Taiwanese parts for e - motor scooter to slenderize manufacturing costs , despite report that it used locally made part to characterize for government subsidy . In a filing , Gogoro said interior investigation identified “ sure irregularities ” in the provision Sir Ernst Boris Chain that induce it to “ unwittingly incorporate sure imported constituent in some of its vehicles . ”
Luke resigned in an endeavor to show the ship’s company ’s answer to fully cooperate with the local authorities as the investigation keep on , Gogoro sound out in the filing .
Sincegoing publicin 2022 , Gogoro has suffer from pitiful financials due to currency exchange charge per unit and apush into new marketslikethe PhilippinesandIndonesia . In the second quarter , Gogoro recorded $ 20.1 million in losses , up from a $ 5.6 million shortage in Q2 2023 .
