From GlobeNewswire: 2025-04-29 09:30:00

LOBO EV Technologies Ltd. reported a revenue of $21.2 million for fiscal year 2024, up 36.9% from the previous year. Despite a net loss of $(845,841), the company’s total assets increased to $24.0 million, with shareholders’ equity at $9.3 million. CEO Huajian Xu highlighted international expansion and product innovation as key strategies.

The company introduced hundreds of new electric vehicles and increased R&D investments by over 500% in fiscal year 2024. LOBO expanded its dealer network to over 50 international dealers, focusing on key markets in ASEAN, Latin America, and Eastern Europe. Plans for 2025 include launching AI-powered EV models and further international market penetration.

LOBO EV Technologies aims to strengthen its mobility portfolio with innovative AI-powered models in 2025. The company plans to expand into markets in Latin America, Africa, and Southeast Asia, with a focus on establishing strategic dealer partnerships. LOBO will continue investing in R&D to maintain technological leadership in the global electric mobility sector.



Read more at GlobeNewswire:: LOBO EV Technologies Ltd. Announces Fiscal Year 2024