LOBO Announces Integration of Experienced Solar Team into Jiangsu LOBO; Represents a Strong Entry into the PV Energy Storage Power Generation Sector

Core Insights - LOBO Technologies Ltd. has integrated the entire team of Shenzhen Xiangri Technology Co., Ltd. into its subsidiary Jiangsu LOBO, establishing a new Solar Division to enhance its entry into the photovoltaic energy-storage market [1][4] Company Overview - LOBO Technologies Ltd. specializes in electric mobility and smart energy solutions, manufacturing a variety of eco-friendly electric vehicles and home robotic products [5] - The company aims to promote sustainable transportation options that reduce carbon footprints and enhance energy efficiency [5] Team and Expertise - The Shenzhen Xiangri team, founded in 2012, brings over twelve years of experience in the solar PV industry, focusing on manufacturing solar modules and integrated system solutions [2] - The team holds 15 registered patents related to module fabrication processes and system design, covering product development, sales, and installation services [2] Strategic Collaboration - Shenzhen Xiangri has previously collaborated with Jiangsu LOBO, providing energy solutions for solar-powered electric vehicles, which has led to improved performance metrics [3] - Internal testing indicates that the latest PV-storage-charging integrated solution from Shenzhen Xiangri may enhance the range of low-speed electric vehicles by up to 19% [3] Market Opportunities - The African solar market presents significant opportunities for LOBO's solar-storage solutions, necessitating an experienced technical and sales team for successful project execution [3] - LOBO projects that the newly established Solar Division could generate approximately US$5 million in revenue in 2026, depending on market conditions [4] Industry Growth - The global PV-storage industry is experiencing rapid growth, and LOBO's management believes that integrated PV-storage products offer substantial market opportunities [4] - By leveraging Shenzhen Xiangri's technical expertise and market experience, LOBO aims to accelerate its development in energy storage and become a leading provider of integrated PV-storage solutions [4]