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WUXI, China - LOBO EV Technologies Ltd. (NASDAQ: LOBO), a producer of electric mobility solutions currently valued at $7.48 million in market capitalization, has announced a strategic partnership with a U.S.-based distributor in Atlanta, marking a significant step in its expansion into the U.S. market. The alliance, which focuses on sectors such as tourism, recreation, and golf, is part of LOBO’s long-term strategy to establish a strong presence in the United States. The company’s stock has shown remarkable momentum, gaining over 17% in the past week, according to InvestingPro data.
Under the terms of the recently signed agreement, the Atlanta-based distributor, now LOBO’s exclusive partner in the U.S., has committed to purchasing and distributing 5,000 custom LOBO four-wheeled electric vehicles. This deal is expected to generate approximately $6 million USD in revenue and is a critical component of LOBO’s phased rollout strategy across key American markets. With a current gross profit margin of 11.59%, LOBO’s expansion comes at a crucial time. Want deeper insights into LOBO’s financial health and growth potential? InvestingPro offers 16 additional exclusive tips and comprehensive analysis.
CEO of LOBO, Mr. Huajian Xu, emphasized the company’s deliberate approach to entering the U.S. market, which includes building partnerships, understanding local market demands, and developing strategic supply chains. In addition to these electric vehicles, LOBO plans to introduce a dual-power vehicle designed to meet the U.S. market’s needs for long-range transportation.
The partnership arrives amid current tariff challenges, with LOBO focusing on the electric mobility industry and innovation-driven growth in the U.S. market. The company is also working towards establishing a ’Made in USA’ production and operational integration in the long term.
LOBO’s commitment to the U.S. market is further evidenced by its training programs for the distributor’s engineers, ensuring they are well-versed in the vehicle chassis structure. The company’s forward-looking strategy is supported by projected full-year 2025 revenues of $28 million to $30 million USD and an anticipated net income of around $3 million USD. According to InvestingPro analysis, LOBO’s revenue is forecast to grow by 74% in FY2025, potentially exceeding these initial projections. The company maintains a Fair financial health rating, with liquid assets exceeding short-term obligations.
The information in this article is based on a press release statement from LOBO EV Technologies Ltd.
In other recent news, LOBO EV Technologies Ltd. reported financial results for the fiscal year ending December 31, 2024, showing a revenue increase to $21.2 million, a rise of 36.9% from the previous year. Despite the revenue growth, the company faced a net loss of approximately $845,841, attributed to expansion costs and its transition to public company status. Looking ahead, LOBO projects a significant revenue growth of 41.5% in 2025, aiming for a range of $28 million to $30 million, with an anticipated net income of around $3 million. Additionally, LOBO secured a $1.6 million supply agreement with a Ukrainian entity, involving the delivery of 5,500 electric vehicles, marking a strategic expansion into Eastern Europe. In another development, LOBO and Roundtree Lab are advancing HIPAA compliance for their smart medical beds, facilitating adoption in U.S. healthcare facilities. This move is part of LOBO’s diversification into the medical technology market. These recent developments highlight LOBO’s strategic focus on international expansion and innovation in both mobility and medical technology sectors.
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