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.