The Company is in discussions to establish a strategic cooperation agreement with a Cambodian customer, which is expected to generate annual sales of more than 10,000 vehicles, subject to the terms and conditions of the final agreement.
“We are thrilled by the overwhelming response our innovative solar-powered EVs have received at the 135th
LOBO is unveiling its latest advancements in electric mobility at the Canton Fair, with a spotlight on its newly developed solar energy series. This includes a range of solar-powered e-trikes, golf carts, and ATV/UVT models, all designed to address the critical challenges of charging convenience and travel range. Both solar-powered and electric-utility vehicles are garnering strong interest at this year’s exhibition.
Figure 1 - LOBO EV meets with potential e-bike buyers at the 135th
The Canton Fair is celebrated as the largest and most influential trade exhibition in
The global e-bike, e-trike, and e-scooter market was estimated at a combined
LOBO is showcasing its new range of electric mobility products at its booth: 16-2-I-03.
About
LOBO is an innovative electric vehicle manufacturer and seller. LOBO designs, develops, manufactures and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles such as golf carts and mobility scooters for the elderly and disabled persons. LOBO also provides automobile information and entertainment software development and design services to customers. Leveraging its cutting-edge technologies in connectivity, multimedia interactive systems and artificial intelligence, LOBO re-defines and develops its products in order to provide users with convenient, affordable and pleasant driving experiences. For more information, visit: www.loboebike.com. Any information contained on, or that can be accessed through, our website or any other website or any social media is not a part of this press release.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”) as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate,” “strategy,” “future,” “likely” or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the expected closing date of the public offering and the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements are subject to risk and uncertainties, including, but not limited to, those described in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Disclosure Regarding Forward-Looking Statements” in the Registration Statement on Form F-1 filed with the
Contact:
For more information, contact:
IR Manager
ir@loboai.com
1 (407) 644-4256
LOBO@redchip.com
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/09ace07f-1c4f-4869-9f27-f4b26740f704
Figure 1
LOBO EV meets with potential e-bike buyers at the 135th Canton Fair on April 15, 2024
2024 GlobeNewswire, Inc., source