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Stock impact report

LOBO EV Expands Latin American Market Penetration with Wholesale Purchase Order for Nine Containers of E-Bikes and E-Trikes

LOBO EV TECHNOLOGIES LTD. - Ordinary shares (LOBO) 
Company Research Source: GlobeNewswire
WUXI, China, June 17, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric vehicle manufacturer and seller, further expanded its penetration of the Latin American market with a large order from Ecuadorian wholesalers. The new order, the largest single order for e-bikes the company has received in 2024, includes electric tricycles, electric bicycles, and the Company’s newly introduced solar-powered electric tricycles. “This order, which includes our new ‘King of the Load’ e-trikes, underscores our commitment to innovation and our success in addressing the unique needs of diverse markets,” said Huajian Xu, CEO of LOBO. “Latin America is one of several global markets we’ve targeted for rapid expansion, and this latest order from Ecuador is a testament to our growing footprint and the strong demand for our products in this region.” LOBO has been steadily gaining market share in Latin America over the past several years Show less Read more
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