Controversies

Subsidy allegations and Horace Luke resignation

Horace Luke stepped down as Gogoro’s chief executive and chairman amid allegations concerning subsidy applications and the localization of a vehicle model. The matter created a significant governance and regulatory controversy for the publicly traded company.

Taiwan localization review

Taiwan’s Ministry of Economic Affairs reported that its review found insufficient evidence to determine that the reported model violated localization regulations. The conclusion did not eliminate the broader controversy surrounding the subsidy allegations.

Gogoro trade-secret theft case

Issue disclosure

Taiwan prosecutors concluded their investigation and indicted nine people, including a former senior Gogoro power-systems executive and Zhanji founder Lin Songqing, over alleged theft of Gogoro trade secrets. Gogoro said it respects and protects intellectual property and expressed confidence in a fair judicial process; Zhanji denied stealing trade secrets and said it was cooperating with the investigation.