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Sumitomo , Sumitomo Mitsui Finance and Leasing Co., (SMFL), and Gogoro Inc. (Nasdaq: GGR) are exploring a partnership to accelerate Gogoro's global business expansion. The signing of a non-binding memorandum of understanding marks the first step in this collaboration. The partnership aims to leverage Gogoro's innovative battery-swapping ecosystems to drive sustainable mobility solutions for cities while creating new business opportunities for Sumitomo and SMFL. Gogoro's smart batteries and battery swapping technology will be utilized to expand the mobility business and second life battery use cases for the involved parties. This partnership signifies a shared vision to advance sustainable energy and transportation in densely populated cities worldwide.
