LOBO EV Further Expands Manufacturing Capacity to Meet Growing Demand [Yahoo! Finance]
LOBO EV TECHNOLOGIES LTD. - Ordinary shares (LOBO)
Company Research
Source: Yahoo! Finance
e-bicycle, e-moped, e-tricycle, and electric off-highway four-wheeled shuttle designer, developer, manufacturer and seller, expanded its manufacturing capacity with the addition of a new factory in the Wuqing Development Zone. The newly rented facility, the third manufacturing workshop for Tianjin LOBO Intelligent Robot Co., Ltd., a wholly owned subsidiary of LOBO, spans a total of 107,639 square feet and includes 78,748 square feet dedicated to manufacturing activities. The strategic expansion aims to address increasing order volumes by enhancing overall production capacity, efficiency, and quality. The new facility will primarily focus on the production of e-tricycles, alleviating capacity constraints on current facilities. Huajian Xu, CEO of LOBO, commented, “This expansion marks yet another important milestone in our growth strategy. By optimizing our production capabilities and improving our infrastructure, we are better positioned to respond to increasing market demand as we
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