Welcome to our dedicated page for LOBO news (Ticker: LOBO), a resource for investors and traders seeking the latest updates and insights on LOBO stock.
LOBO Technologies Ltd. (NASDAQ: LOBO) is a foreign private issuer in the Auto Manufacturers industry that publicly reports on its activities in electric mobility, smart hardware and energy-related products. This news page aggregates company press releases and market updates so readers can follow how LOBO’s strategy in electric vehicles, PV power storage and smart mobility is reflected in its announcements.
According to recent company news, LOBO describes itself as a developer and manufacturer of electric mobility and smart energy solutions. Its releases highlight product lines such as e-bicycles, electric motorcycles, e-tricycles, off-highway four-wheeled shuttles including golf and sightseeing carts, elderly scooters, solar-powered vehicles, home-used robotic products and PV power storage systems. The company also reports on initiatives in AI-powered senior mobility robots and smart elderly scooters, indicating a focus on intelligent systems and elderly care applications.
Investors and observers can use this page to review transactional and strategic announcements, including bulk PV power storage orders, integration of a solar technology team into Jiangsu LOBO’s new Solar Division, and international expansion plans in regions such as Africa, Europe, Latin America and the United States. LOBO’s news flow also covers trade fair performance, distribution agreements, letters of intent for strategic partnerships, and outlook statements that describe management’s expectations for revenue growth and profitability.
Regulatory and capital markets updates form another important category of LOBO news. The company has issued statements regarding trading activity in its shares, Nasdaq minimum bid price notifications and negotiations for potential equity financing facilities with a financial group. By reviewing these items together, readers can see how LOBO presents its operational progress, capital plans and listing status. For ongoing context, this page can be revisited to read new company press releases as they are issued.
LOBO EV Technologies (Nasdaq: LOBO) has signed a definitive agreement with Roundtree Lab to manufacture AI-driven medical beds for the U.S. healthcare market. The partnership, following a January 2025 letter of intent, positions LOBO as the exclusive OEM for Roundtree's medical transfer beds.
The agreement projects sales of $11 million in the first year, growing to $27 million in year two, and reaching $50 million by year three, subject to actual order volume. Roundtree aims to capture 50% of the U.S. emergency medical equipment market within three years through this collaboration.
LOBO will leverage its manufacturing capabilities and expertise in connectivity systems, while Roundtree will integrate AI technology into the medical beds and utilize its established relationships with U.S. healthcare facilities for market penetration.
LOBO EV Technologies (Nasdaq: LOBO) has announced a strategic collaboration with Roundtree Lab to manufacture smart electric medical transport beds, marking LOBO's entry into the healthcare equipment market. The partnership combines LOBO's expertise in connectivity and multimedia systems with Roundtree's AI-driven bed technology.
Under the letter of intent, LOBO will serve as the Original Equipment Manufacturer (OEM) for Roundtree's AI-powered medical transport beds, utilizing Roundtree's patents and licenses. The collaboration aims to leverage Roundtree's U.S. hospital relationships for market expansion. The partnership is projected to generate over $10 million in revenue in 2025, subject to LOBO's delivery performance and manufacturing capabilities.
LOBO EV Technologies (Nasdaq: LOBO) announces an exclusive live investor webinar and Q&A session scheduled for January 8, 2025, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature Board Member Harry Schulman discussing the company's growth and profitability strategies for 2025 and beyond.
The company aims to become an OEM and ODM leader in intelligent urban e-bike, e-trike, and off-highway four-wheeled electric vehicles market over the next decade. LOBO has made significant investments in developing intelligent products, including robotic lawn mowers, smart hospital beds, and mobility scooters for the elderly. Additionally, the company is developing robotic products based on a four-legged wheeled robot platform in preparation for the intelligent robots era.
LOBO EV Technologies (Nasdaq: LOBO) has signed a strategic manufacturing and distribution agreement with Capital Fortress Assets for robotic lawn mowers in the U.S. and Australian markets. Under the agreement, Capital Fortress will handle distribution and assembly of LOBO's products supplied in Complete Knock Down (CKD) form.
Key terms include exclusive distribution rights (excluding e-commerce), minimum sales commitment of $1 million or 1,500 units in the first 12 months, and comprehensive after-sales service. The partnership aims to optimize supply chain efficiency through local component manufacturing and enhance market penetration in these regions.
LOBO EV Technologies (Nasdaq: LOBO) has established a U.S. subsidiary, LOBOAI, to enhance its presence in the United States market. The subsidiary will focus on importing, manufacturing, assembling, and distributing robotic lawnmowers, electric golf carts, and AI-assisted mobility scooters for the elderly. The company has halted its Suriname projects to concentrate on U.S. operations. LOBOAI is projected to contribute over $5 million to company sales in 2025. The expansion aims to strengthen distribution channels and provide dedicated support to U.S. customers and partners.
RedChip Companies announces the airing of interviews with LOBO EV Technologies (Nasdaq:LOBO) and Nexalin Technology on Bloomberg TV's RedChip Small Stocks, Big Money™ show on November 2, 2024, at 7 p.m. ET. Harry D. Schulman, Independent Director of LOBO EV, will discuss the company's growth and profitability plans for 2024. LOBO aims to become a leader in intelligent urban e-bikes, e-trikes, and off-highway four-wheeled electric vehicles market. The interviews will be broadcast to an estimated 73 million homes across the U.S. through Bloomberg TV.
LOBO EV Technologies (NASDAQ: LOBO) announces an upcoming investor webinar scheduled for October 28, 2024, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature Independent Director Harry D. Schulman discussing the company's growth and profitability strategies for 2024 and beyond. LOBO, a manufacturer of e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles, aims to establish itself as a leading OEM and ODM in the intelligent urban electric vehicle market. The webinar will include a live Q&A session, and investors can pre-submit questions or ask them during the event.
LOBO EV Technologies (Nasdaq: LOBO) reported record shipments in September 2024, with overseas sales volume up 108% and revenue surging 254% year-over-year. The company delivered approximately 2,800 e-bikes and 700 tricycles, driven by successful new product introductions and an expanding overseas customer base. Revenue from overseas customers reached $0.8 million, highlighting LOBO's growing global reach.
CEO Huajian Xu expressed confidence in the continued positive trend, attributing the growth to the strength of their new product line and team dedication. LOBO's strategic focus on scaling supply chain capabilities has enabled more effective service to its growing international customer base.
LOBO EV Technologies (Nasdaq: LOBO), a designer and manufacturer of electric bicycles, mopeds, tricycles, and off-highway four-wheeled shuttles, has announced its revenue guidance for 2024. The company projects an 80% year-over-year revenue growth, driven by recent capacity expansion, new product launches, and entry into new markets.
CEO Huajian Xu expressed optimism about the company's revenue prospects, citing investments in expanded capabilities and a focus on innovation. LOBO expects improving margins in the second half of 2024 due to operational efficiencies from increased production capacity and higher economies of scale.
Key growth drivers include:
- Scaled-up production facilities to meet increasing demand
- Introduction of new products
- Expansion into new markets, particularly in Eastern Europe and Latin America
LOBO EV Technologies (NASDAQ: LOBO) reported strong financial results for H1 2024, with total revenue reaching $12.13 million, a 49% increase from H1 2023. The company sold 56,000 units, up 45% year-over-year, driven by high demand for its electric vehicles. Despite the revenue growth, LOBO reported a net loss of $(0.31) million, compared to a net income of $0.67 million in H1 2023, primarily due to increased operating expenses.
Key highlights include:
- Gross profit of $1.36 million with an 11.2% margin
- 61% growth in sales from electric vehicles and accessories
- Expansion into new international markets
- 86% increase in R&D spending
- 55% expansion in inventory to support growth
LOBO anticipates margin improvements in H2 2024 as it scales operations and optimizes its supply chain. The company remains optimistic about continued momentum, planning to launch new vehicle models and strengthen its international presence.
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