LOBO EV Technologies Ltd. Reaches $6 Million Agreement to Supply 5,000 Electric Vehicles to U.S. Market
LOBO EV Technologies Ltd. (NASDAQ: LOBO) has secured a $6 million agreement to supply 5,000 customized small-size four-wheeler electric vehicles to the U.S. market through a strategic partnership with an Atlanta-based distributor. The company, which manufactures electric bikes, tricycles, and off-highway four-wheeler electric carts, aims to target tourism, recreation, and golf course sectors.
CEO Huajian Xu emphasized this move as part of a carefully developed plan for U.S. market expansion. LOBO plans to introduce an electric and gasoline dual-power vehicle for long-range transportation needs. The company projects full-year 2025 revenue between $28-30 million, with expected net income of approximately $3 million, representing up to 41.5% year-over-year growth.
LOBO EV Technologies Ltd. (NASDAQ: LOBO) ha siglato un accordo da 6 milioni di dollari per fornire 5.000 veicoli elettrici a quattro ruote di piccole dimensioni personalizzati al mercato statunitense, grazie a una partnership strategica con un distributore con sede ad Atlanta. L'azienda, che produce biciclette elettriche, tricicli e veicoli elettrici a quattro ruote per uso off-road, punta ai settori del turismo, del tempo libero e dei campi da golf.
Il CEO Huajian Xu ha sottolineato che questa iniziativa fa parte di un piano attentamente studiato per l'espansione nel mercato USA. LOBO intende lanciare un veicolo a doppia alimentazione elettrica e a benzina per rispondere alle esigenze di trasporto a lunga distanza. L'azienda prevede ricavi annui per il 2025 compresi tra 28 e 30 milioni di dollari, con un utile netto stimato intorno a 3 milioni di dollari, pari a un incremento annuo fino al 41,5%.
LOBO EV Technologies Ltd. (NASDAQ: LOBO) ha asegurado un acuerdo de 6 millones de dólares para suministrar 5,000 vehículos eléctricos pequeños de cuatro ruedas personalizados al mercado estadounidense, mediante una alianza estratégica con un distribuidor con sede en Atlanta. La compañía, que fabrica bicicletas eléctricas, triciclos y carritos eléctricos todoterreno de cuatro ruedas, apunta a los sectores de turismo, recreación y campos de golf.
El CEO Huajian Xu destacó que esta acción forma parte de un plan cuidadosamente desarrollado para la expansión en el mercado de EE.UU. LOBO planea introducir un vehículo de doble potencia, eléctrico y gasolina, para necesidades de transporte de larga distancia. La empresa proyecta ingresos anuales para 2025 entre 28 y 30 millones de dólares, con un beneficio neto esperado de aproximadamente 3 millones de dólares, representando un crecimiento interanual de hasta el 41.5%.
LOBO EV Technologies Ltd. (NASDAQ: LOBO)는 애틀랜타에 기반을 둔 유통업체와의 전략적 파트너십을 통해 미국 시장에 맞춤형 소형 4륜 전기차 5,000대를 공급하는 600만 달러 계약을 체결했습니다. 이 회사는 전기 자전거, 삼륜차, 오프로드 4륜 전기 카트를 제조하며, 관광, 레크리에이션, 골프장 분야를 목표로 하고 있습니다.
CEO Huajian Xu는 이번 조치를 미국 시장 확장을 위한 신중하게 개발된 계획의 일환으로 강조했습니다. LOBO는 장거리 운송 수요를 위한 전기 및 가솔린 겸용 차량을 출시할 계획입니다. 회사는 2025년 연간 매출을 2,800만~3,000만 달러로 예상하며, 약 300만 달러의 순이익을 기대하고 있어 전년 대비 최대 41.5% 성장을 나타냅니다.
LOBO EV Technologies Ltd. (NASDAQ : LOBO) a conclu un accord de 6 millions de dollars pour fournir 5 000 véhicules électriques quatre roues sur mesure de petite taille au marché américain, via un partenariat stratégique avec un distributeur basé à Atlanta. L’entreprise, qui fabrique des vélos électriques, des tricycles et des véhicules électriques tout-terrain à quatre roues, vise les secteurs du tourisme, des loisirs et des parcours de golf.
Le PDG Huajian Xu a souligné que cette initiative s’inscrit dans un plan soigneusement élaboré pour l’expansion sur le marché américain. LOBO prévoit de lancer un véhicule à double motorisation électrique et essence pour répondre aux besoins de transport longue distance. La société projette un chiffre d’affaires annuel 2025 entre 28 et 30 millions de dollars, avec un bénéfice net attendu d’environ 3 millions de dollars, soit une croissance annuelle pouvant atteindre 41,5 %.
LOBO EV Technologies Ltd. (NASDAQ: LOBO) hat eine Vereinbarung über 6 Millionen US-Dollar getroffen, um 5.000 individuell angepasste kleine vierrädrige Elektrofahrzeuge über eine strategische Partnerschaft mit einem in Atlanta ansässigen Vertriebspartner auf dem US-Markt zu liefern. Das Unternehmen, das Elektrofahrräder, Dreiräder und geländetaugliche vierrädrige Elektrofahrzeuge herstellt, zielt auf die Bereiche Tourismus, Freizeit und Golfplätze ab.
CEO Huajian Xu betonte, dass dieser Schritt Teil eines sorgfältig entwickelten Plans zur Expansion auf dem US-Markt ist. LOBO plant die Einführung eines Elektro- und Benzin-Doppelantriebsfahrzeugs für Langstreckentransporte. Das Unternehmen prognostiziert für das Gesamtjahr 2025 Umsätze zwischen 28 und 30 Millionen US-Dollar mit einem erwarteten Nettogewinn von etwa 3 Millionen US-Dollar, was einem jährlichen Wachstum von bis zu 41,5 % entspricht.
- Secured $6 million agreement for 5,000 electric vehicles in U.S. market
- Projected strong 2025 revenue growth of up to 41.5% year-over-year
- Expected net income of $3 million for 2025
- Strategic expansion into $4 billion U.S. market through exclusive distribution partnership
- Current tariff situation may impact profit margins
- Dependency on single exclusive distributor in U.S. market
- Local production facilities not yet established, limiting market penetration
Insights
LOBO's $6M U.S. deal shows strategic market entry but represents modest initial revenue impact against projected $28-30M annual revenue.
LOBO's agreement to supply 5,000 electric vehicles to the U.S. market represents a calculated approach to penetrating the American mobility sector. The $6 million deal focuses on small four-wheeler electric vehicles tailored for tourism, recreation, and golf courses – strategic niches where electric mobility adoption faces fewer barriers than the broader consumer market.
Looking at the numbers, this deal contributes approximately
What's particularly noteworthy is LOBO's approach to the tariff challenges facing Chinese manufacturers. Rather than attempting a full-scale market entry, they're pursuing a phased rollout strategy with a focus on specialized vehicle categories. Their mention of plans for electric-gasoline dual-power vehicles indicates recognition of range anxiety concerns in the U.S. market – a practical adaptation to local preferences.
The company's long-term vision of "Made in USA" production suggests awareness of both political and economic realities. Localizing production would mitigate tariff issues while potentially improving margins through reduced shipping costs and better supply chain integration. However, the timeline and investment required for this transition remain unspecified, representing a significant execution challenge.
The projected
Strategic Step to Unlock the
WUXI, China, May 15, 2025 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (NASDAQ: LOBO) ("LOBO" or the "Company"), an advanced manufacturer of electric bikes, tricycles, and off-highway four-wheeler electric carts, today reaffirmed its long-term commitment to the U.S. market through a strategic partnership with U.S.-based distributor in Atlanta. Both parties have now officially launched their joint effort on markets such as tourism, recreation and golf courses.
“We have been steadily building our understanding of the U.S. market alongside our trusted partner,” said Mr. Huajian Xu, CEO of LOBO. “This is not a sudden move but a carefully developed plan that reflects our commitment to stability, mutual trust, and long-term growth. By aligning with local distributors and planning localized operations, we are laying a firm foundation—starting from solid partnerships, expanding our market understanding, developing strategic supply chains, and ultimately, opening new growth avenues through the U.S. mobility sector.”
Under the agreement signed recently, the local distributor, the exclusive partner in US, plans to purchase and distribute 5,000 customized LOBO small size four-wheeler electric vehicles, representing estimated revenue of approximately
LOBO will continue to strengthen its global capabilities by developing intelligent EV solutions suited for local needs while gradually building an overseas parts sourcing and support framework. Amid the current tariff situation, LOBO will focus on the electric mobility industry, pivoting our strategic mindset for market expansion in the United States towards focused and innovation-driven growth. These efforts support the Company’s long-term vision of localized “Made in USA” production and operational integration.
Company team leaders training distributors’ engineers on the vehicle chassis structure.
As previously announced, the Company anticipates full-year 2025 revenue between
About LOBO EV Technologies Ltd.
LOBO EV Technologies Ltd. (Nasdaq: LOBO) is an innovative designer, developer, manufacturer, and seller of e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles. The Company also specializes in AI-powered multimedia interactive systems and is expanding into medical technology manufacturing. By leveraging cutting-edge AI, connectivity, and automation, LOBO aims to provide intelligent, efficient, and secure mobility and healthcare solutions.
For more information, visit: https://www.loboebike.com and https://loboev.io.
Safe Harbor Statement
This press release contains forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current expectations and assumptions and are subject to risks and uncertainties. Actual results may differ due to regulatory approvals, market conditions, and other factors detailed in the Company’s filings with the U.S. Securities and Exchange Commission (SEC). LOBO undertakes no obligation to update these forward-looking statements unless required by law.
For Investor and Media Inquiries, Please Contact:
HORIZON IR
Michael Wei
Email: hwey@horizonconsultancy.co
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f138ca5f-6f14-472f-8573-a56bae59d516
FAQ
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