Core Insights - LOBO EV Technologies Ltd. has launched its second-generation multi-functional robotic platform, enhancing its previous robotic mower with a modular design that allows for customization into various specialized service robots [1][4]. Product Features - The new platform is designed to serve multiple functions, including home use and industrial applications, showcasing versatility in its capabilities [2]. - Key features for home use include: - Security Patrol Robot for surveillance using AI vision and motion detection [2]. - Autonomous Lawn Mower for maintaining yards with minimal effort [8]. - Smart Pool Cleaner for efficient pool surface cleaning [8]. - The platform also includes specialized robots for emergency situations, such as: - Firefighting Robot for extinguishing fires in hazardous environments [3]. - Battlefield Rescue Unit for search-and-rescue operations in extreme conditions [3]. Company Overview - LOBO EV is a technology-driven manufacturer focused on electric mobility and smart robotics, producing a range of products including e-bikes, electric motorcycles, and solar-powered vehicles [4]. - The company emphasizes sustainability and innovation, aiming to reduce carbon footprints and enhance energy efficiency globally [4].

"This expanded partnership is a major validation of our product and business model," said Huajian Xu, CEO of LOBO EV. "By combining LOBO's manufacturing strength with partner's local expertise and market reach, we're building a scalable model for international growth, customer proximity, and localized value creation. LOBO's Serbia initiative is not just a market entry—it's a gateway to sustainable regional expansion. Strategic Growth in Eastern Europe Taps Into $8 Billion+ Regional E-Bicycle Market Opportun ...

Core Viewpoint - LOBO EV Technologies Ltd. has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its ordinary shares have been below $1.00 for 33 consecutive business days [1][2]. Compliance Status - The company has a 180-calendar-day compliance period until November 10, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days [3]. - If compliance is not achieved by the end of this period, the company may be eligible for an additional 180-calendar-day extension, provided it meets other continued listing standards [4]. Company Actions - The company intends to monitor the closing bid price of its ordinary shares and will explore all available options to regain compliance within the applicable grace periods [5]. Company Overview - LOBO EV Technologies Ltd. is engaged in the design, development, manufacturing, and sale of e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles, and is also expanding into medical technology manufacturing [6].

WUXI, China, May 15, 2025 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (NASDAQ: LOBO) ("LOBO" or the "Company"), an advanced manufacturer of electric bikes, tricycles, and off-highway four-wheeler electric carts, today reaffirmed its long-term commitment to the U.S. market through a strategic partnership with U.S.-based distributor in Atlanta. Both parties have now officially launched their joint effort on markets such as tourism, recreation and golf courses. “We have been steadily building our understandi ...

Core Insights - LOBO EV Technologies Ltd. anticipates full-year 2025 revenue between $28 million and $30 million, representing a projected 41.5% increase over estimated 2024 results of $21.2 million, driven by strong sales of electric bikes and tricycles [2] - The company expects to deliver a record net income of approximately $3 million, reflecting increased operational efficiency and disciplined growth execution [2] - The CEO highlighted the company's current trading valuation at 1x price-to-earnings (P/E) and 0.2x price-to-sales (P/S), which significantly understate the strength of operational performance and long-term growth prospects [3] Growth Drivers - The rapidly growing Latin American market, with a population of 660 million and strong purchasing power, has become a major revenue source following success in Eastern Europe [7] - Enhanced production efficiency and improved gross margins through IT infrastructure upgrades, enabling better cost control and higher operational efficiency [7] - Continued investment in product innovation and intelligent mobility systems, including a newly launched high-speed electric motorcycle capable of reaching 160 km/h, which received strong market feedback at the 2025 China Import and Export Fair [7]

Core Viewpoint - LOBO EV Technologies Ltd. reported a transformational fiscal year 2024 with significant growth in revenue and strategic international expansion despite facing profitability pressures due to operational costs and public company transition [3][4]. Financial Highlights - Revenue for fiscal year 2024 reached $21.2 million, a 36.9% increase from $15.5 million in fiscal year 2023 [4]. - Gross profit increased to $2.5 million, up 11.2% from $2.2 million in fiscal year 2023 [4]. - The company reported a net loss of $(845,841), a decline from a net income of $986,471 in fiscal year 2023 [4][9]. - Cash and cash equivalents stood at $1.4 million as of December 31, 2024, compared to $470,335 at the end of 2023 [4][16]. - Total assets increased by 22.0% to $24.0 million from $19.7 million as of December 31, 2023 [4][12]. - Shareholders' equity rose by 64.9% to $9.3 million from $5.7 million at the end of 2023 [4][14]. Business Highlights - The company expanded its product portfolio by introducing hundreds of new electric bicycles, mopeds, tricycles, and off-highway electric carts [5]. - Research and development expenses surged over 500% year-over-year, indicating a strong commitment to technological leadership [5]. - LOBO established a dealer network with over 50 international dealers, focusing on markets in ASEAN, Latin America, Eastern Europe, Middle Asia, and North America [5]. - Key markets for distribution include Brazil, Peru, Ukraine, Lithuania, Serbia, Kazakhstan, Tanzania, and Nigeria [5]. Strategic Outlook - For fiscal year 2025, LOBO plans to continue its revenue growth trajectory, targeting $21.2 million, which represents a 36.9% increase compared to fiscal year 2024 [4]. - The company aims to further penetrate international markets, particularly in Latin America and Africa, through strategic dealer partnerships and localized product launches [5]. - Continued investment in R&D is planned to maintain technological leadership in the global electric mobility sector [5].

Financial Performance - The company reported a net loss of $(845,841) for the fiscal year ended December 31, 2024, compared to a net income of $986,471 for the fiscal year ended December 31, 2023[25]. - As of December 31, 2024, the net accounts receivable balance was $1,506,894[48]. - The company faces risks related to the timely collection of accounts receivable, which could adversely affect liquidity and cash flows[49]. - As of December 31, 2024, the company recorded a total statutory reserve of $464,637, which is required to be set aside from accumulated profits[100]. - Revenue from sales of two-wheeled electric vehicles for fiscal year 2024 was RMB 80 million (USD $10.9 million), representing 51% of total revenue[210]. - Revenue from sales of three-wheeled electric vehicles for fiscal year 2024 was RMB 30 million (USD $4.2 million), representing 20% of total revenue[212]. - Revenue from sales of four-wheeled electric vehicles for fiscal year 2024 was RMB 4.5 million (USD $624,000), representing 3% of total revenue[214]. Competition and Market Risks - The company faces intense competition in the e-bicycles and AI robotic products market, which may adversely affect its ability to generate revenues[35]. - The company’s growth strategy relies on successful product launches and effective marketing, but there are risks associated with managing this growth[34]. - The company’s marketing strategy aims to appeal to a diversified user base, but there is no assurance of success, which could impact revenues[42]. - Changes in international trade policies, particularly between the U.S. and China, could adversely affect demand for the company's products and overall financial condition[85]. - Economic downturns may negatively impact consumer discretionary spending, affecting demand for the company's products and services[90]. Operational Challenges - The company has limited experience in high-volume manufacturing, which may hinder its ability to meet production standards and volumes[33]. - The production cycle for new products takes one to two months, and the company must continuously enhance product functionality to remain competitive[39]. - The company faces challenges in establishing new distribution networks and integrating operations in new markets, which may increase costs and complicate management[71]. - Production difficulties may arise from mechanical failures, utility shortages, or natural disasters, potentially leading to reduced output and increased operational costs[73]. - The company is dependent on a continuous supply of utilities, and any disruption could adversely affect production and inventory management[74]. Supply Chain and Quality Control - The company relies heavily on third-party suppliers for key components, and any quality issues with these components could compromise product quality and brand image[45]. - The company relies on external suppliers for key components, with two suppliers accounting for over 10% of total purchases in 2024, raising concerns about supply stability[80]. - The company may experience quality problems with its products, which could harm sales and reputation[44]. - The company maintains a diversified supply chain with over 337 suppliers in 2024, with the top ten suppliers accounting for 54% of total purchases[216]. Regulatory and Compliance Issues - The company identified two material weaknesses in its internal control over financial reporting, which could lead to inaccurate financial results and loss of investor confidence[29]. - The company does not maintain any insurance for product liability claims, which could lead to significant expenses and negatively impact brand image[52]. - The company is subject to various costs and risks due to continued expansion into new geographic markets[69]. - The company is subject to stricter labor laws and regulations, which may limit its ability to manage employment practices effectively[104]. - The company faces regulatory challenges in utilizing proceeds from offshore offerings for investments in its PRC subsidiaries, which could impact liquidity and expansion plans[111]. Human Resources and Management - The average wage level for employees has increased, and the company expects employee costs to rise, which may impact profitability if these costs cannot be passed on to customers[78]. - The company has experienced difficulties in hiring and retaining highly skilled employees, which may impact its future operations[92]. - The company’s management team includes experienced professionals with over 20 years in the telecommunications, IT, and e-bicycle industries[186]. Strategic Initiatives - The company aims to become a hidden champion in the field of intelligent urban tricycles and off-highway four-wheeled electric shuttles over the next decade[192]. - LOBO EV plans to prioritize the manufacture of e-bicycles and launch new products, including solar-powered e-bicycles[193]. - The company has entered into joint research and development agreements with Jiangsu Research Institute and Jinan University, which may involve risks such as sharing proprietary information and non-performance by third parties[93]. - The company plans to increase marketing expenses on the Alibaba international platform and participate in international exhibitions to expand its dealer network in 2024[198]. Corporate Governance - The company may lose its foreign private issuer status if more than 50% of its voting securities are owned by U.S. residents, which would result in increased reporting obligations and costs[156]. - Minority shareholders may have less protection under BVI law compared to U.S. law, with limited rights to initiate derivative actions[163]. - The company may choose to rely on exemptions from corporate governance requirements as a "controlled company," potentially affecting shareholder protections[160]. - The common law rights for shareholder protection in the BVI are largely dependent on English common law, which may limit the effectiveness of shareholder actions[165]. Future Outlook - The company does not expect to pay dividends in the foreseeable future, relying instead on price appreciation for returns on investment[147]. - The trading price of the company's Ordinary Shares may be volatile due to market factors and the performance of other Chinese companies listed in the U.S.[141].

Company Overview - LOBO is a fast-growing electric mobility manufacturer based in Tianjin, China, focused on high-performance, sustainable vehicles and smart infrastructure solutions [6] - Green Gold Asia (GGA) is a leader in sustainable mobility solutions, headquartered in West Jakarta, Indonesia, dedicated to transforming transportation in Southeast Asia [7] Strategic Partnership - LOBO intends to initiate a strategic cooperation with Green Gold Asia to launch a new line of innovative electric bikes and tricycles in Indonesia [1] - The partnership aims to combine LOBO's product innovation with GGA's local market insights to accelerate the adoption of electric mobility [4] Market Potential - Indonesia's electric vehicle market is projected to exceed $5 billion USD by 2030, driven by urbanization and a growing middle class [2] - The demand for two- and three-wheel electric vehicles is expected to lead the market adoption in Indonesia [2] Financial Expectations - The strategic agreement between LOBO and GGA is expected to exceed $5 million USD in value in its first year, with a phased rollout across key metropolitan regions [3] Environmental Impact - The initiative aims to reduce carbon emissions, ease urban congestion, and provide practical transportation options for individuals and families in Indonesia [4] Future Expansion Plans - This partnership is part of LOBO's broader international strategy, with plans for further expansions across Southeast Asia, Latin America, and Africa in the coming year [5]

Company Overview - LOBO is a fast-growing electric mobility manufacturer based in Tianjin, China, focused on high-performance, sustainable vehicles and smart infrastructure solutions [6] - Green Gold Asia (GGA) is a leader in sustainable mobility solutions, founded in 2024 and headquartered in West Jakarta, Indonesia, dedicated to transforming transportation in Southeast Asia [7] Strategic Partnership - LOBO has announced a strategic cooperation with Green Gold Asia to launch a new line of electric bikes and tricycles in Indonesia, marking a significant step in LOBO's global expansion efforts [1][5] - The partnership aims to combine LOBO's innovative product development with GGA's local market expertise to deliver tailored electric vehicles and a reliable charging network [3][4] Market Potential - Indonesia is identified as a promising market for electric mobility, with a population exceeding 270 million and a projected EV market value surpassing $5 billion by 2030, driven by urbanization and a growing middle class [2] - The demand for two- and three-wheel electric vehicles is expected to lead the adoption of electric mobility in the region [2] Financial Expectations - The strategic agreement between LOBO and GGA is expected to generate over $5 million in value in its first year, with a phased rollout planned across key metropolitan areas [3] Environmental Impact - The initiative aims to reduce carbon emissions, alleviate urban congestion, and provide modern transportation options, contributing to sustainable development in Indonesia [4]

Core Insights - LOBO EV Technologies Ltd. has signed a significant international supply agreement with a Ukrainian commercial company, marking a key step in its expansion strategy in Eastern Europe [1][3] - The contract involves the delivery of 5,500 electric vehicles, including 4,000 standard electric bicycles and 1,500 three-wheeled EVs, with a total contract value of approximately $1,575,000 USD [2] Company Overview - LOBO EV Technologies is an innovative designer and manufacturer of various electric mobility solutions, including e-bicycles, e-mopeds, e-tricycles, and electric shuttles for diverse user needs [4] - The company leverages advanced technologies in connectivity and artificial intelligence to enhance user experience and provide eco-friendly transportation options [4]