Gogoro CEO resigns as subsidy fraud investigation continues

Gogoro, the Taiwanese electric scooter manufacturer and battery-swapping giant, said its CEO and chairman Horace Luke has stepped down amid subsidy fraud allegations, according to a regulatory filing. Gogoro allegedly used Chinese parts for e-scooters to reduce manufacturing costs, despite reporting that it used locally made parts to qualify for government subsidies. In a filing, […] © 2024 TechCrunch. All rights reserved. For personal use only.