Gogoro Inc. (NASDAQ:GGR) Q3 2024 Earnings Conference Call November 14, 2024 7:00 AM ET

Company Participants

Annie Liao - IR
Henry Chiang - Interim CEO
Bruce Aitken - CFO

Operator

Welcome to the Gogoro Inc. 2024 Q3 Earnings Call. This conference call is now being recorded and broadcasted live over the Internet. Webcast replay will be available within an hour after the conference is finished.

I would like to turn the call over to the Gogoro team.

Annie Liao

Welcome to Gogoro's 2024 Q3 earnings conference call hosted by our Interim CEO, Henry Chiang and CFO, Bruce Aitken. Hopefully, by now, you've seen our earnings release. If you haven't, it is available on the Investor Relations tab of our website, investor.gogoro.com. We are hosting our earnings conference call via live webcast through Gogoro's website, where you can also download all the earnings release materials. We will also be displaying the materials on the webcast screen as we go. If you are joining us through the conference call, your dial-in lines are in listen-only mode.

Bruce will begin with an introduction and then Henry will outline our current business and future strategy. Bruce will then go into Q3 financial results and then we will open the line with Q&A and answer as many questions as time allows. As usual, we would like to remind everyone that today's discussions may contain forward-looking statements that are subject to risk and uncertainties, which could cause actual results to differ materially from those contained in the forward-looking statements. Please refer to the forward-looking statements that appear in our press release and investor presentation provided today.

Now, I would like to turn the call over to our CFO, Bruce Aitken.

Bruce Aitken

Thanks for joining our call today. We're pleased to have this opportunity to meet with you and provide a summary of our third quarter 2024 results. Q3 was challenging for Gogoro and our financial performance and stock price were impacted. We recently announced our receipt of a NASDAQ Listing Compliance Notice, our CEO's resignation and a government inquiry into our potential use of imported parts into vehicle models.

Before we discuss our Q3 business results, we want to update you on each of these three points. As you know, Horace Luke resigned as Gogoro's Chairman and CEO on September 13, 2024. We appreciate Horace's vision for urban mobility and making Gogoro's battery swapping and vehicles a reality. The board responded quickly appointing Tamon Tseng, Chairman of Ruen Chen Investment Holding Company and the General Counsel of Ruentex's Group, as Gogoro's new Chairman of the Board. The board also appointed Henry Chiang as Interim CEO. Prior to his new CEO role, Henry had been a Gogoro for more than six years where he founded and led our GoShare business, and most recently led our Taiwan business.