TAIPEI: Taiwanese electric scooter maker Gogoro Inc has all the chips it needs for now, founder and chief executive Horace Luke said today, but could face a squeeze by year-end as it pushes big plans to grow in China, India and Southeast Asia.
Founded in 2011, Gogoro listed on the Nasdaq via a merger with blank-cheque firm Poema Global and has a market value of around US$2.4 billion. "As those cities like Jakarta, or Delhi, or other big markets grow, how fast they grow of course will then put stress on our supply chain management. But those are problems that are coming in the later part of the year, not the immediate future."
Electric vehicle makers have been hit by price rises for raw materials like nickel, driven by supply chain disruptions from the war in Ukraine, and Luke said some"minor" price rises had been passed onto customers.
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