LOBO EV Technologies Celebrates Record Growth in Shipments
LOBO EV Technologies Achieves Milestones in Delivery and Sales
WUXI, China — LOBO EV Technologies Ltd. (NASDAQ: LOBO) has recently announced a remarkable achievement in its shipping volumes during September. The company has seen unprecedented growth, driven by the launch of innovative products and an expanding base of international customers.
Exceptional Growth in Shipments
In September, LOBO recorded an approximate 108% increase in delivery volumes compared to the same month last year. This impressive figure translates to around 2,800 e-bikes and 700 tricycles sold. Such a significant rise in demand can be attributed to the company's latest offerings and the successful expansion into overseas markets.
Surge in Overseas Revenue
Furthermore, revenue from international customers soared by 254%, totaling around $0.8 million for September 2024. This substantial growth reflects LOBO's commitment to catering to a global clientele and the effectiveness of its strategic initiatives aimed at enhancing its supply chain capabilities. As LOBO continues to strengthen its position in key international markets, the company showcases its dedication to meeting the evolving needs of customers worldwide.
Company Vision and Commitment
Huajian Xu, the CEO of LOBO, expressed his enthusiasm regarding the record-breaking shipments. He stated, "We are thrilled with the record-breaking order shipments and the substantial increase in revenues generated from overseas during September. This growth is a testament to the strength of our new product line and the dedication of our team. We remain confident that this positive trend will continue throughout the remainder of the year as we continue to meet our customers’ needs around the world."
About LOBO EV Technologies Ltd.
LOBO is recognized for being an innovative designer and manufacturer of e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles including mobility scooters and golf carts. The company also offers software development and design services for automobile information and entertainment. By utilizing advanced technologies in connectivity and multimedia interactive systems along with artificial intelligence, LOBO strives to create products that enhance user experiences, ensuring convenience and affordability.
Commitment to Innovation
LOBO’s dedication to innovation sets it apart in a competitive market. The company continually invests in research and development, aiming to deliver exceptional products that meet the highest industry standards. With an emphasis on sustainability and efficiency, LOBO is shaping the future of electric mobility.
Contact Information
For more information, please reach out to:
Zane Xu
IR Manager
ir@loboai.com
Frequently Asked Questions
What recent success has LOBO EV Technologies achieved?
LOBO reported record shipments in September with a substantial increase in overseas sales.
How many units did LOBO sell in September 2024?
The company sold approximately 2,800 e-bikes and 700 tricycles.
What contributed to LOBO’s revenue growth?
The surge in overseas demand and the introduction of new products significantly boosted revenue.
Who is the CEO of LOBO EV Technologies?
Huajian Xu is the Chief Executive Officer of LOBO.
What innovations does LOBO focus on?
The company emphasizes advanced technologies in electric mobility, including connectivity and AI-driven solutions.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Analyzing Grant Cardone's Commentary on Political Wealth
- Exploring Dividend Income for Retirement: Strategies and Stocks
- Great Plains Communications Enhances Fiber Network Capabilities
- Advancing Blood Clot Treatments: Inari Medical's DEFIANCE Trial
- Westland Insurance Wins Recognition as Top Employer in Canada
- Revolutionizing Liver Toxicity Testing with 3D Microtissues
- Trump's World Liberty Financial Token Sale Raises $220 Million
- E Source Celebrates Utility Leaders at Forum 2024 Awards
- CIRO Schedules Hearing for Alleged Misconduct by Advisor
- How AI Is Revitalizing the Cloud Computing Sector
Recent Articles
- Engagement with Indigenous Communities on Carbon Credits Sale
- Meritage Homes Welcomes Erin Lantz to Board of Directors
- JAGGAER Shines with EcoVadis Gold Medal for Sustainability
- Firefly Neuroscience Innovates Treatments for Women’s Mental Health
- Domino's Pizza Faces Lawsuit Over Securities Fraud Allegations
- Empowering Women Through Financial Independence: SoFi's Initiative
- Top Tech Stocks to Watch for Earnings Surprises This Season
- Bitcoin ETFs Experience Record Inflows Amid Growing Interest
- Dialpad Achieves $300M ARR Milestone, Strengthening AI Leadership
- Verizon's Survey Reveals Growth in AI Adoption Among SMBs
- kama.ai Welcomes New Leadership for Strategic Growth
- Worthington Steel Unveils Its First Sustainability Report for 2024
- Charles Schwab Achieves Record Assets & Revenue in Q3 2024
- Stride Inc. Excels as Finalist in Multiple Tech Education Awards
- Tetra Tech Secures $37.5 Million Contract for Urban Projects
- Red Cat's Exciting $1 Million Drone Contract with the Army
- Colbeck Capital Embraces Opportunities at Dallas Summit
- Abits Group Announces Details for Upcoming Shareholder Meeting
- Key Insights on ACM Research's P/E Ratio and Market Trends
- Journey Strategic Wealth Expands with New Advisor Partnerships
- Understanding the Rise of RTX Stock Amid Defense Contracts
- Navigating Gift Taxes for Family Home Down Payments
- White River Bancshares Achieves Record Third Quarter Profits
- OCI Global Declares Impressive USD 3.4 Billion Cash Distribution
- Transforming Sustainable Fashion with AI: Sellpy and Algolia Unite
- CNBC Highlights Top Stock Picks: Nvidia, PayPal and More
- Charles Schwab Corp Reports High Earnings, Shares Surge
- Babel Street’s SOC 2 Type 2 Assessment Enhances Security Standards
- Arteris Enhances AI Semiconductor Design with NoC Tiling
- Port Secures $35M Funding to Innovate Developer Portals
- Horace Mann to Reveal Financial Performance for Q3 2024
- Market Analysts Optimistic on Advance Auto Parts and More Stocks
- Revolutionizing Cancer Care: Myriad’s New Partnership with Flatiron
- PensionPro and Dynamis Join Forces to Enhance TPA Efficiency
- Maximizing Monthly Income With Morgan Stanley Stock Strategies
- Cybersecurity Threats Loom Over the 2024 U.S. Election
- Gloat Unveils Cutting-Edge AI Tools for Workforce Flexibility
- Cooper Investors Warns Frontier Communications Board on Acquisition
- Amplitude Expands Its Digital Solutions with Command AI
- Q.E.P. CO., Inc. Shows Strong Performance for Fiscal 2025
- NNN REIT Declares Common Dividend, Reflects Strong Performance
- CT REIT Announces Upcoming Distribution for Trust Units
- Bitwise Achieves $5 Billion AUM with New Strategic Advisor
- Plexus Worldwide Champions Hunger Relief for the Sixth Year
- Explore Spacious Model Homes at The Timbers for Active Adults
- Meritage Homes Strengthens Leadership with Erin Lantz's Addition
- Frontier Achieves Google Verified Gold Peering Provider Status
- Unlocking Value: Irrigreen's Partner Program for Landscapers
- RE/MAX Reports Continued Growth in Home Inventory and Prices
- Introducing 3EDGE Asset Management's Innovative ETF Solutions