Love The Idea Of Getting Around On An Electric Bike? How About An Electric Trike?

Lobo EV Technologies, a prominent electric vehicle manufacturer headquartered in Wushi, China, is making waves in the global EV market. The companies shares surged 16.4% on June 20th, 2024 following a major expansion announcement in Ecuador just days earlier. Specializing in electric and solar powered vehicles, Lobos product range includes E bicycles, E mopeds, E tricycles and off Hwy. 4 wheeled shuttles. The company's focus on solar powered EVs is generating significant bugs. Particularly in markets with high gasoline prices across South America, Europe and Asia, Lobos rapid growth is evident in its extensive distribution network, boasting 150 distributors in China and 60 internationally. The company aims to expand into two to five more countries and form strategic partnerships by year end, potentially transforming regional transportation infrastructure. In a recent visit, a top Brazilian electric mobility dealer with annual sales exceeding $8 million conducted an on site inspection of Lobos, Wooshi and Tianjin factories. The visit, part of due diligence for centralized procurement plans, showcased Lobos production capabilities, research and development systems, and quality control measures. Lobos manufacturing focus is on vehicle components and software, sourcing lithium batteries from a leading Chinese supplier. The company develops control and entertainment software for its EVs and sells it for use in other electric vehicles. Following its March 2024 IPO, Lobo invested heavily in expansion, doubling its production footprint with a new Wooshi factory and increasing capacity by 20%. Equivalent to $27 million in product value. As Lobo continues its aggressive growth strategy, it positions itself as a potential game changer in the EV industry. With its innovative solar powered vehicles and software solutions, Lobo EV Technologies is poised to play a significant role in shaping the future of sustainable transportation globally.