LOBO EV Received Strong Interest In Its Solar-Powered EVs At 135th Canton Fair; CEO Huajian Xu Says "We Have Secured ~$1.2M In New Orders As Of Today From Distributors At The Exhibition Who Will Resell Our E-Bikes In Eastern Europe, Southeast Asia, North America, And Latin America"
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LOBO EV Technologies Ltd. (NASDAQ:LOBO) announced strong interest in its solar-powered EVs at the 135th Canton Fair, securing approximately $1.2M in new orders from distributors for resale in Eastern Europe, Southeast Asia, North America, and Latin America. The company is also in discussions for a strategic cooperation agreement with a Cambodian customer, potentially generating annual sales of over 10,000 vehicles. The Canton Fair showcased LOBO's latest solar energy series, including e-trikes, golf carts, and ATV/UVT models, highlighting advancements in electric mobility and charging convenience.
April 16, 2024 | 12:46 pm
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LOBO EV Technologies Ltd. received significant interest at the 135th Canton Fair, securing $1.2M in new orders and discussing a strategic cooperation agreement expected to generate over 10,000 vehicle sales annually.
The announcement of securing $1.2M in new orders and the potential strategic cooperation agreement in Cambodia indicate strong market interest and potential revenue growth for LOBO. The focus on solar-powered EVs, a growing market segment, further positions LOBO for positive short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100