Gogoro expands retail sales of its battery-swapping electric scooters in Korea
After first entering Korea in 2019 as part of a food delivery partnership, Gogoro is now expanding its battery-swapping electric scooters around the country and opening up ridership for everyday commuters. It’s a move that follows Gogoro’s tried and true strategy of entering countries with an initial focus on business customers and then expanding to private consumers.
Gogoro is well-known for its high-speed electric scooters and their swappable batteries, which eliminate the need to stop and charge the scooter for several hours. Instead, riders simply pull into a battery swap station and roll back out seconds later with new, fully charged batteries. Gogoro’s battery model has become something of a de facto standard, though other industry heavyweights like Honda have tried imitating it in order to eventually offer a competing standard.
In Gogoro’s domestic market of Taiwan, thousands of swap stations cover the country and ensure riders are always within a few minutes of a station. The company counts hundreds of thousands of battery swaps each day across those stations.
Moving beyond its home market, Gogoro has been aggressively expanding internationally over the last few years to reach countries across Asia including China, India, Indonesia, the Philippines, Korea, Japan, Singapore, and Israel.
The Korean expansion announcement comes as part of an evolving partnership with BikeBank, a leading electric two-wheeled vehicle service in Korea.
Together, the two companies will introduce Gogoro’s Smartscooters and the company’s lauded battery swapping to Korean consumers in Q3 2023 under the Dotstation brand, expanding the battery swapping network to seven additional cities beyond the current operations in Seoul.
Gogoro founder and CEO Horace Luke discussed the expanded partnership, saying:
It is great to be growing our partnership with Bikebank, a company that shares similar values and is committed to accelerating the shift to electric transportation in Korea. Seoul has one of the largest food delivery ecosystems in the world and was one of the first markets to embrace Gogoro battery swapping for food deliverie. Together, we are introducing Gogoro Smartscooters and battery swapping to Korean consumers while we continue to grow our B2B food delivery business where we work with market leaders to enable sustainable food delivery.
To support the major growth expected by the expansion of services, Bikebank has opened two Dotstation retail stores for consumers and last mile delivery riders as well as expanded the battery swapping network to more than 70 battery swapping stations across Korea. Those battery swapping stations will be available in the cities of Seoul, Daegu, Sejong, Changwon, Incheon, Gyeongsan, Gyeonggi, and Ulsan.
Minkyu Kim, CEO of Bikebank, expanded on the announcement:
Together with Gogoro, we are accelerating the transformation of urban mobility in Korea. We created Dotstation to lead us forward into a new era of sustainable urban transportation that provides a path for Korean consumers to embrace sustainability in a new and practical way. Dotstation is expanding Gogoro battery swapping services to eight Korean cities, and we anticipate launching more battery swapping locations this year with a range of vehicles including Gogoro Smartscooters for consumers.
The move could signal an increased focus on expanding B2C (business to consumer) operations around the world, after Gogoro has spent the last few years significantly growing its international B2B (business to business) operations.
That would align with the existing Gogoro strategy we’ve seen lately, as, Luke explained to Electrek:
“The expansion of our partnership with Bikebank in Korea today exemplifies our market entry and international expansion strategy. In Korea, we began with a pilot program and then progressed to a successful B2B food delivery service in Seoul and are now introducing Smartscooters and battery swapping to consumers across eight Korean cities.”
Electrek’s Take
This is big news for anyone who has drooled over Gogoro’s battery-swapping electric scooters. I happen to be lucky enough to live in a country that already received Gogoro’s scooters for consumers, and now I count the Gogoro S2 Performance ABS as my daily rider. I’m happy for Koreans that they’ll get to experience these awesome scooters and battery swapping system soon, too.
The model of course makes sense for delivery riders, since they can spend all day on their scooters and don’t have the luxury of waiting for a recharge. Compared to combustion engine motorcycles and scooters, a battery swap takes even less time than a fuel stop at a gas station. And of courser riders get all the other benefits of electric vehicles, such as the reduced noise, smoother operation, cleaner and lower maintenance experience, etc.
But for consumers, the ability to never worry about charging again is also a welcome advantage. And while Gogoro has significantly expanded its commercial operations to partner with food delivery companies around Asia, its consumer operations haven’t expanded quite as quickly. Seeing Koreans finally get the chance to buy Gogoro’s scooters for personal use is a major step and demonstrates that Gogoro is still focusing on expanding its consumer operations as well, marking the third and final move in the Pilot > B2B > B2C strategy it has followed.
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Environment
Destroyed Cybertruck used in Vegas bombing is for sale, Musk said Tesla would rebuild it
The Tesla Cybertruck used in the Las Vegas bombing appears to have landed in an auction for sale as salvaged, still destroyed. CEO Elon Musk said Tesla would put it back on the road.
Good luck with that.
In January, a Tesla Cybertruck exploded at the Trump Tower in Las Vegas.
The driver is believed to have shot himself in the head right before the vehicle exploded. Evidence proved that some firework mortars and gas canisters were inside the Cybertruck’s bed.
After the explosion, Tesla CEO Elon Musk praised the Cybertruck for “containing” the explosion and reducing the damage.
He even went as far as claiming that the powertrain was still working and that Tesla would rebuild the Cybertruck and bring it back on the road:
“Once we get this Cybertruck back to Tesla, we’ll buff out the scratches and get it back on the road.”
When questioned about the seriousness of this statement, he affirmed, “No, I mean it.”
They clearly haven’t yet because the Cybertruck has now shown up as a salvaged vehicle for auction on IAA’s site:
It’s not clear if Tesla had an opportunity to get the truck until now, but they certainly could buy it now.
Electrek’s Take
Good luck rebuilding the truck. Maybe they can salvage the battery pack and motors in a new truck, but there’s no way or point to salvage the chassis.
Elon has already confirmed that Tesla engineers have looked at the car. I’m sure that they had the opportunity to get it from the insurance company.
I bet that Tesla doesn’t want the car, and it won’t be back on the road as Elon claimed. You can add it to the list of lies he told this year. Are we in the hundreds already? And we are only in March.
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What’s better than an all-electric boat? An all-electric boat with a hot tub in it. Niche boatbuilder Spacruzzi made waves (but limited wake) last year with an electric hot tub boat model showcased around the US, including Lake Tahoe and even on the Chicago River. For 2025, Spacruzzi has introduced a sleeker and more refined version of its electric boat and opened its waiting list for a limited number of builds scheduled for this year.
Spacruzzi is a marine vessel developer whose flagship product shares the same name and looks to stand out as a luxury option for both private owners and rental operators. Per the company website:
While there have been other versions of hot tub boats on the market over the years, nothing comes close to matching the experience of a Spacruzzi. From the attention to detail, luxury finishes and patent pending features to the outstanding build quality and ease of ownership – we have set out to create the most sought after experience on the water. We built Spacruzzi to provide an unforgettable experience to the end user while giving rental operators and entrepeneuers an exciting new offering to build and grow their business and it is our mission to enable this industry to thrive.
Each electric boat is designed, fabricated, and assembled by hand at Spacruzzi’s facilities in Polson, Montana. They arrive fully compliant for anyone and everyone to operate and deliver mobility technology that exceeds environmental regulations.
A previous version of the Spacruzzi electric hot tub boat appeared on the FOX game show Snake Oil, and several were put into rental operations on the Chicago River—available even during some of the colder months.
Recently, Spacruzzi introduced an updated version of its electric hot-tub boat featuring a more luxurious look and feel. Additionally, a select few can put a deposit down to secure one for themselves this year.
Spacruzzi introduces upgrades to its 2025 hot tub boat
The images above show the updated version of Spacruzzi’s electric hot tub boat. This model is 15.6 feet long and 8.2 feet wide, with a draft of only 2.75 feet, enabling it to navigate shallow waters. When on the water, the Spacruzzi electric hot tub boat offers room for 6 passengers and weighs about 4,500 pounds at max capacity, alongside 400 gallons of water in the tub itself, which can be heated to up to 104℉.
The hot tub boat is propelled by a 3.0 Torqeedo electric motor pod that delivers approximately 3-5 horsepower, translating to 4-5 mph speeds on the water. A USCG-compliant propane heater supports the vessel’s hot tub operations, and two compartments aft of the vessel offer room for up to four lithium battery packs capable of powering the motor, heater, and internal water treatment system for up to 16 hours.
Each boat includes one battery pack that can deliver between four and five hours of running time on a single charge. Each boat also has AC charging capabilities, but Spacruzzi can add fast charging for an additional fee. Speaking of fees, Spacruzzi shared that it has opened its waitlist for its 2025 hot tub boat production schedule.
Interested individuals or businesses can secure an electric hot tub boat build with a $2,500 non-refundable deposit. When Spacruzzi is ready to assemble your vessel, it requires a 50% deposit minus the $2,500 waitlist deposit. The final 50% payment is due when the order is complete; it will be shipped to your specified destination. Spacruzzi says builds take about 90-100 days after receiving the 50% production deposit. Per Spacruzzi, the base price of its updated boat is $68,500.
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Ford is investing billions in Europe as it struggles to keep pace with the wave of Chinese and other low-cost EVs hitting the market. With another 4.4 billion euros ($4.8 billion) in funding, Ford looks to turn things around, but it’s also calling on lawmakers to do more.
Ford injects billions in Europe to fight Chinese EVs
With “significant losses” over the past few years, Ford is restructuring its business in Europe as it aims to cut costs and simplify operations.
Back in November, the American automaker said it planned to cut another 4,000 jobs in Europe by 2027, blaming “lower-than-expected” demand and mounting pressure from new EVs entering the market, including Chinese brands like BYD and SAIC’s MG.
Ford announced plans to invest another 4.4 billion euros ($4.8 billion) on Monday to support its transformation. The funds will be used to reduce the growing debt at its German subsidiary, Ford-werke GmbH.
In a statement, the company said the new capital injection will help reduce debt at Ford plants in Germany and fund a multi-year business plan. Ford’s German unit has about 5.8 billion euros ($6.3 billion) of debt.
Ford Motor Company’s vice chairman, John Lawler, explained, “With the new capital for our German subsidiary, we are driving the transformation of our business in Europe and strengthening our competitiveness with a new product range.”
Lawler stressed the need to “simplify our structures, reduce costs and increase efficiency” if it wants to compete. He added that Europe needs “a clear political agenda” to promote EV adoption that aligns with consumer demand.
Over the past few years, Ford has invested heavily in Europe to better compete, including $2 billion to upgrade its Cologne manufacturing plant to produce EVs.
The plant builds two models, Ford’s electric Explorer and Capri. Although Ford revealed its fourth EV for Europe (including the Mustang Mach-E) in December, the Puma Gen-E is being built in Romania.
Electrek’s Take
Can Ford spark life back into its European business? It’s not the only one struggling to keep up with new competition, Volkswagen is also cutting jobs in its home market and is even considering closing plants.
Legacy automakers, like Ford and Volkswagen, have been caught off guard by Chinese EV leaders like BYD’s aggressive expansion overseas to drive growth.
According to Jato Dynamics, Chinese brands are quickly gaining traction in Europe. In January 2025, 37,134 Chinese vehicles were registered, a 52% increase from the previous year. During the same time, Chinese brands’ market share grew from 2.4% to 3.7%. Combined, it would now put them ahead of Ford.
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