Gogoro signs MOU with Sumitomo Mitsui, Sumitomo to accelerate expansion

Gogoro (GGR) announced the signing of a non-binding memorandum of understanding, or MOU, the first step in establishing a new partnership with Sumitomo (SSUMY) and Sumitomo Mitsui Finance (SMFG) to accelerate Gogoro’s global business expansion while providing Sumitomo and SMFL with new unique opportunities to expand their mobility business and second life battery use cases using Gogoro Smart Batteries and battery swapping.