The leap of the electric vehicle industry: No need to spend time waiting for charging, people only take a few seconds to have a full battery

The electric motorcycle market in Taiwan has been developed for a long time and is very active with a variety of vehicles from popular to high-end from different brands. In particular, the domestic Gogoro tram is famous for its quality and convenience in use. What helps the company become the best-selling electric vehicle in Taiwan mainly comes from its battery exchange system, which helps users to replace fully charged batteries in just a few seconds, without wasting time plugging in and charging.

Gogoro – The Taipei-based company has built a network of battery exchange stations serving electric vehicle riders across Taiwan. On April 18, it said the company had converted about 20% of those stations into a virtual power plant (VPP) — capable of sending backup power back to the grid.

Since it was founded in 2015, Gogoro has opened more than 12,000 stations with instantly replaceable batteries, giving electric scooter riders the ability to travel hundreds of kilometers without taking time to charge. The company says it has more than 500,000 monthly active users and more than 260 transactions happening on its network every minute, at $16 (equivalent to VND 375,000) per month, which is reasonable compared to the cost of living of users. motorbike in Taiwan.

Not only that, about 2,500 Gogoro stations have been converted into VPPs capable of storing up to 150 MWh in total – enough to power 500 local households for a month.

Gogoro founder and CEO Horace Luke proudly said, “ Gogoro’s network is contributing to Taiwan’s electricity grid by integrating converted reserve power into the general grid. ”

In Taiwan, where electric scooters dominate the market, more than 400,000 people change their batteries every day at a Gogoro brand battery exchange station.

About 80% of Taiwan’s electricity supply depends on fossil fuels, yet Taiwan has pledged it will achieve its net-zero emissions target by 2050.

Gogoro has also now joined forces with companies to develop virtual power plants, which can help avoid power outages during periods of high demand and reduce fossil fuel electricity demand. In addition, companies that sell excess electricity back to the grid can receive a new source of revenue.

According to the same announcement, Gogoro said it will participate in a program introduced by Taiwan Electric Power Corporation under which the company’s battery exchange stations will temporarily shut down if there is a critical energy need. in other place. Companies participating in the program will also be paid a fee, which helps to ensure the overall stability of the grid.

According to consulting firm The Business Research Company, the global battery exchange market will reach $1.9 billion by 2022 and the industry is on track to grow more than 20% by 2023. That potential has attracted the guys. giant electric car. Nio, the leading electric vehicle manufacturer in China, is touting its own battery swapping stations as a source of energy supply and storage. Last summer, when the country was hit by rising temperatures that caused hydroelectricity to evaporate, Nio’s more than 100 swap stations were able to intervene.

According to Bloomberg, Tech Crunch