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LOBO EV Technologies Ltd. and Strattners Exploring Strategic Investment Partnership
Globenewswire· 2025-07-28 12:30
Core Viewpoint - LOBO EV Technologies Ltd. is in advanced negotiations with Strattners for a potential equity financing facility, which could provide up to $10 million in capital over three years, supporting the company's long-term growth and expansion plans [1][2][5]. Group 1: Equity Financing Details - Strattners aims to become a cornerstone investor in LOBO, expressing optimism about the company's long-term development potential [2]. - The agreement allows LOBO to issue and sell ordinary shares to Strattners at its discretion, without a volume-weighted average price mechanism [3]. - The proceeds from any share issuance will be used for general corporate purposes, including working capital, capital expenditures, product development, and expansion initiatives [4]. Group 2: Company Overview - LOBO EV Technologies Ltd. specializes in the design, development, manufacturing, and sale of e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles [6]. - The company is also expanding into AI-powered multimedia interactive systems and medical technology manufacturing, aiming to provide intelligent and efficient mobility and healthcare solutions [6].
LOBO EV Technologies Ltd. Issues Statement Regarding Recent Market Activity
Globenewswire· 2025-07-25 12:54
Core Viewpoint - LOBO EV Technologies Ltd. has noted an increase in trading volume alongside a decline in its share price, but there are no material changes in its business operations to justify this activity [2][3]. Company Operations - The company continues to operate normally, with ongoing initiatives in product development and strategic engagements [3]. - Management is not aware of any undisclosed material information that could explain the recent trading behavior [3]. Investor Communication - Investors are advised to rely on information from official filings with the U.S. Securities and Exchange Commission and authorized public statements from the company [4]. - The company emphasizes the importance of making investment decisions based on publicly available and accurate information [4]. Monitoring and Compliance - The company will monitor trading activity and consult with legal and financial advisors as necessary [5]. - LOBO is committed to providing timely and transparent communication in accordance with applicable securities laws [5]. Company Profile - LOBO EV Technologies Ltd. specializes in the design, development, manufacturing, and sale of electric mobility solutions, including e-bicycles, e-mopeds, e-tricycles, and electric off-highway shuttles [6]. - The company is also expanding into AI-powered multimedia systems and medical technology manufacturing [6].
LOBO EV (NASDAQ: LOBO) Unveils $3 Million Annual Revenue Opportunity with AI-Powered Senior Mobility Robot Launching October 2025
GlobeNewswire News Room· 2025-07-22 12:30
For more information, visit: https://www.loboebike.com and https://www.loboai.com. Safe Harbor Statement WUXI, China, July 22, 2025 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (NASDAQ: LOBO) ("LOBO" or the "Company"), a leading manufacturer and innovator in electric mobility and intelligent systems, today announced a strategic partnership with the Jiangsu Research Institute of Dalian University of Technology. This collaboration represents a major advancement in LOBO's expansion into the smart healthcare s ...
LOBO EV and APOZ enter Strategic Partnership for U.S. Market Breakthrough
GlobeNewswire News Room· 2025-07-16 12:30
Core Insights - LOBO EV Technologies Ltd. has entered a Letter of Intent (LoI) for a strategic partnership with Asia Pacific Opportunity Zone (APOZ) to expand its operations in the U.S. market, aiming to reduce dependency on cross-border manufacturing amid U.S.–China tariff tensions [1][2] - The collaboration is expected to establish a U.S.-based operational and production footprint, positioning LOBO to capture a significant share of the micro-electric vehicle market projected to exceed $60 billion by 2030 in North America and Europe [1][2] Company Overview - LOBO EV Technologies Ltd. specializes in the design, development, manufacturing, and sale of electric mobility solutions, including e-bicycles, e-mopeds, and AI-powered systems, and is expanding into medical technology [7] - The company aims to leverage cutting-edge AI, connectivity, and automation to provide intelligent and efficient mobility and healthcare solutions [7] Partnership Details - The partnership with APOZ will involve LOBO renting manufacturing facilities to produce intelligent electric mobility solutions tailored for urban commuters and aging populations [2][4] - Initial rollouts will focus on metropolitan areas in Italy, Spain, Eastern Europe, and key urban hubs in the U.S., particularly on the East and West Coasts, as well as states like Florida and Arizona [3] Market Strategy - The collaboration will emphasize high-demand regions driven by sustainability goals and demographic trends, with a focus on developing AI-powered elderly scooters and commuter e-bikes [4][5] - The partnership is seen as a multi-billion-dollar opportunity, with both companies committed to sustainable growth and enhancing shareholder value [5]
LOBO Unveils Second-Generation Modular Robotic Platform for Home and Industrial Applications
Globenewswire· 2025-05-29 13:30
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].
LOBO EV Expands Serbia Partnership with $5 Million Annual CKD Supply Commitment
Globenewswire· 2025-05-20 12:00
Core Insights - LOBO EV Technologies Ltd. is expanding its partnership with a Serbian distributor to tap into the growing e-bicycle market in Eastern Europe, with a commitment of approximately $5 million USD annually for CKD components [1][2] - The Eastern European e-bicycle market is projected to grow significantly, with the broader European market expected to increase from $4.2 billion in 2022 to over $8.1 billion by 2030 [2] - The partnership aims to leverage LOBO's manufacturing capabilities and the distributor's local market expertise to create a scalable model for growth and localized value creation [3] Company Overview - LOBO EV Technologies Ltd. specializes 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 [4]
LOBO Announces Receipt of Nasdaq Minimum Bid Price Notification
Globenewswire· 2025-05-16 21:00
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].
LOBO EV Technologies Ltd. Reaches $6 Million Agreement to Supply 5,000 Electric Vehicles to U.S. Market
GlobeNewswire News Room· 2025-05-15 13:00
Core Viewpoint - LOBO EV Technologies Ltd. reaffirms its commitment to the U.S. market through a strategic partnership with a local distributor, focusing on electric vehicles for tourism, recreation, and golf courses [1][2]. Group 1: Strategic Partnership and Market Expansion - The partnership involves the local distributor purchasing and distributing 5,000 customized small four-wheeler electric vehicles, estimated to generate approximately $6 million in revenue [2]. - LOBO's phased rollout in the U.S. aims to supply sightseeing shuttles and compact golf carts, with plans to introduce a dual-power vehicle to meet long-range transportation demands [2][3]. Group 2: Financial Projections - The company anticipates full-year 2025 revenue between $28 million and $30 million, with projected net income of approximately $3 million, reflecting a year-over-year revenue growth of up to 41.5% [5]. Group 3: Global Capabilities and Innovation - LOBO plans to enhance its global capabilities by developing intelligent electric vehicle solutions tailored to local needs and establishing an overseas parts sourcing and support framework [3]. - The company is pivoting its strategic focus towards innovation-driven growth in the electric mobility sector amid current tariff challenges [3].
LOBO Issues 2025 Financial Guidance with 41.5% Projected Revenue Growth, Anticipating Up to $30 Million in Revenue and Record $3 Million in Net Income
Globenewswire· 2025-05-06 13:30
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]
LOBO EV Technologies Ltd. Announces Fiscal Year 2024 Financial Results, Highlights Strategic Expansion in Global Electric Mobility Markets
Globenewswire· 2025-04-29 13:30
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].