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, 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]

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]

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]

Core Viewpoint - LOBO EV Technologies Ltd. and Roundtree Lab are advancing their strategic partnership by initiating HIPAA compliance certification for smart medical beds, emphasizing data security and regulatory adherence in the healthcare sector [1][2]. Group 1: HIPAA Compliance - Roundtree is implementing a comprehensive compliance framework to ensure that the smart medical beds align with HIPAA privacy and security regulations, safeguarding electronic patient health information (ePHI) [3]. - Achieving HIPAA compliance will facilitate faster adoption of smart medical beds in U.S. hospitals and support partnerships with insurance providers and healthcare networks that require strict regulatory adherence [4]. Group 2: Market Expansion - This milestone enhances LOBO's strategic diversification into the U.S. medical device market, leveraging its manufacturing expertise to deliver secure and compliant patient transport solutions [5]. - The companies are preparing for commercial deployment and large-scale adoption of the smart medical beds following HIPAA compliance approval [8]. Group 3: Management Insights - LOBO's CEO highlighted the importance of compliance with U.S. healthcare regulations as a critical step in bringing smart medical solutions to market, enhancing hospitals' confidence in adopting this technology [6]. - Roundtree's CEO emphasized that achieving HIPAA compliance is fundamental for integrating smart healthcare solutions into the medical system, focusing on patient data security and regulatory adherence [6]. Group 4: Future Plans - The companies plan to expand distribution channels across U.S. hospitals and healthcare providers, establish strategic partnerships with medical institutions and insurance companies, and enhance AI capabilities to optimize patient care and operational efficiency [11].

Core Viewpoint - LOBO EV Technologies Ltd. has entered a strategic partnership with Roundtree Lab to manufacture AI-driven medical beds, marking its entry into the healthcare equipment market with projected sales growth from $11 million in the first year to $88 million by the third year [2][4][5]. Group 1: Agreement Details - The definitive agreement solidifies the collaboration between LOBO and Roundtree, focusing on leveraging LOBO's manufacturing capabilities to produce advanced medical beds integrated with AI technology [3][4]. - LOBO will serve as the exclusive Original Equipment Manufacturer (OEM) for Roundtree's medical transfer beds, utilizing Roundtree's proprietary patents and licenses [8]. Group 2: Market Potential - The partnership targets the expanding U.S. medical device market, particularly in smart medical devices for elderly care and intelligent patient transport, with a significant opportunity in AI-driven emergency transfer beds [5]. - Roundtree aims to capture at least 50% of the U.S. emergency medical equipment market over the next three years, highlighting the transformative potential of the technology [5]. Group 3: Management Commentary - The CEO of LOBO expressed excitement about the partnership, emphasizing the alignment with the company's commitment to innovation and diversification in enhancing patient care [6]. - The CEO of Roundtree highlighted the collaboration as a significant milestone in revolutionizing healthcare through AI-driven solutions, citing LOBO's manufacturing excellence as a key factor [6].

Core Viewpoint - LOBO EV Technologies Ltd. has entered into a letter of intent with Roundtree Lab to manufacture smart electric medical transport beds, marking its first entry into the healthcare equipment market and emphasizing its commitment to innovation and diversification [1][2]. Group 1: Collaboration Details - The collaboration will leverage LOBO's expertise in connectivity and multimedia interactive systems, applying these capabilities to Roundtree's advanced bed technology [2]. - LOBO will serve as the Original Equipment Manufacturer (OEM) for Roundtree's AI-driven medical transport beds, utilizing Roundtree's patents and licenses [3]. - The partnership is expected to enhance patient care, safety, and efficiency within healthcare facilities [2]. Group 2: Market and Revenue Potential - Roundtree's established relationships with U.S. hospitals are anticipated to accelerate market penetration for the advanced transport beds across the United States [4]. - The partnership is projected to generate over $10 million in revenue in 2025, contingent on LOBO's consistent delivery of high-quality products [5]. Group 3: Management Commentary - The CEO of LOBO expressed excitement about the collaboration, highlighting the commitment to delivering AI-powered medical transport beds to the U.S. healthcare market [6]. - The CEO of Roundtree Lab emphasized LOBO's manufacturing capabilities and technological innovation as key factors for the partnership's success [6].

WUXI, China, Jan. 06, 2025 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway four-wheeled shuttle designer, developer, manufacturer and seller, is pleased to invite investors to a webinar on January 8, 2025, at 4:15 p.m. ET. The exclusive event, hosted by RedChip Companies, will feature LOBO Board Member Harry Schulman, who will share insight into the Company’s plans to accelerate growth and profitab ...

Partnership expected to contribute to strong sales growth and operational efficiencyWUXI, China, Dec. 16, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway four-wheeled shuttle designer, developer, manufacturer and seller, signed a strategic manufacturing and distribution agreement with Capital Fortress Assets Ltd. (“Capital Fortress”), a lawn and garden equipment distributor. This agreement mar ...

WUXI, China, Aug. 19, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) ("LOBO" or the "Company"), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway fourwheeled shuttle designer, developer, manufacturer and seller, launched its new solar-powered golf cart, with the initial production run of 33 units already sold to U.S. customers. This marks the third successful export of LOBO's golf carts to the U.S., reinforcing the Company's growing market presence and its commitment ...