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MBAK Energy Solutions, Inc. (OTC:MBAK) begins deliveries worth over $290k Monthly to Europe, India and Zambia
Globenewswire· 2026-03-18 17:20
Core Insights - MBAK Energy Solutions, Inc. has commenced deliveries to customers across three continents, achieving a total delivery value exceeding $290,000 for March 2026, with plans to increase monthly delivery volumes to fulfill a $65 million order from India and other global clients [1][2] Group 1: Deliveries and Orders - The company has shipped an initial batch of 550 e-bicycles to a French customer, marking the beginning of what is anticipated to be a continuous order fulfillment process [2] - MBAK has also delivered Battery Energy Storage System (BESS) units to Zambia to support a renewable power project requiring 60 MwH [2] - Additionally, the company has started shipping the first 10 MwH of BESS units as part of a larger 100 MwH order for an Indian power customer [2] Group 2: Industry Participation - These deliveries follow a successful participation in the 2026 Asia Battery Show held in Hong Kong, where MBAK showcased various new industrial and consumer products [3]
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]