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 EV and APOZ enter Strategic Partnership for U.S. Market Breakthrough