LOBO EV Made Announcement to Enter APOZ
Rhea-AI Summary
Token Communities (OTC:TKCM) announced that its subsidiary ASC Global Inc. has signed a strategic partnership agreement with LOBO EV (a Nasdaq-listed company) to establish an electric vehicle production facility at the APOZ (Asia Pacific Opportunity Zone) Business Park.
The facility will manufacture various electric vehicles, including scooters, bikes, and golf carts. The strategic location offers dual benefits of being both a Qualified Opportunity Zone (QOZ) and Free Trade Zone (FTZ). According to CEO David Champ, LOBO EV has shown steady growth and has significant potential in the North American market.
Positive
- Strategic partnership with Nasdaq-listed LOBO EV for EV manufacturing
- Facility location benefits from both QOZ and FTZ status
- Strong interest from multiple manufacturers across various industries in APOZ
- Expansion into growing North American EV market
Negative
- No specific financial terms or investment amounts disclosed
- Project timeline and production capacity details not provided
- Execution risks in setting up new manufacturing facility
LOBO EV is prepared to start production in Texas
BRADENTON, FLORIDA / ACCESS Newswire / July 17, 2025 / ASC Global Inc. is a wholly-owned subsidiary of Token Communities (OTC-ID / Stock Symbol:TKCM) has executed an agreement with LOBO EV (a Nasdaq company) to develop a strategic cooperation relationship to set up production facility at APOZ ( Asia Pacific Opportunity Zone ) to manufacture various types of electric vehicles, including electric scooters, electric bikes, electric golf carts and others.
LOBO EV and APOZ enter Strategic Partnership for U.S. ( the LOBO press release ).
According to Mr. David Champ, the president & CEO of the company that LOBO EV is a very reputable EV products manufacturer, and it has been growing steadily over the past years with excellent growth potential in the North America market. With the help and assistance to be provided by ASC Global Inc. and the excellent strategic location and benefits ( QOZ + FTZ dual Status ) of APOZ Business Park, LOBO EV can easily reach their growth target and maximize their market potentials.
As per Ms. Ruby Lin who is the Director of Business Development, APOZ has been receiving excellent inquiries and responses from dozens of companies from various manufacturers in Taiwan and other Asia Pacific countries, these companies are in UAV ( drones ), solar panels, sport goods, electric vehicles, food & beverages, building materials and many others.
For any information about APOZ, please contact David at ( 631 ) 397-1111.
Forward-Looking Statements
Certain information set forth in this presentation contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
SOURCE: Token Communities Ltd.
View the original press release on ACCESS Newswire
FAQ
What is the partnership between Token Communities (TKCM) and LOBO EV?
What types of vehicles will LOBO EV manufacture at the APOZ facility?
What are the advantages of LOBO EV's new APOZ manufacturing location?
How many companies have shown interest in APOZ Business Park?
Who can be contacted for more information about APOZ?
