During the two-day visit, the Brazilian team visited LOBO’s factories in Wuxi and Tianjin, examining production lines, pattern workshops, test workshops and offices. They gained a thorough understanding of popular operating procedures (SOPs), the formula of R
LOBO has steadily gained market share in Latin America in recent years. The company’s constant investment in research and development has been key to generating inventions that resonate with consumers in Latin America and beyond. Throughout 2024, LOBO has sourced pedidos. de electric bikes and tricycles from Latin American dealers in Brazil, Chile, Suriname, and other countries, indicating strong demand in the region.
According to data from the Business Research Company, the global market for electric bicycles, tricycles, and scooters is valued at $28 billion in 2023 and is expected to exceed $39 billion through 2028, with a compound annual growth of 6. 6%, reflecting the developing global change. towards sustainable and efficient modes of transport.
About LOBO EV Technologies Ltd.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, and Litigation on Private Securities. Reform Act of 1995, as amended, which are intended to be covered through the safe harbor created through those sections. Forward-looking statements, which are based on safe assumptions and describe the Company’s long-term plans, methods and expectations, can sometimes be understood by the use of forward-looking terminology such as “believe,” “expect,” “possibly,” “will. ” , “deserve”, “could”, “can also simply”, “seek”, “intend”, “plan”, “goal”, “project”, “estimate”, “anticipate”, “strategy”, “long-term “, “likely” or other comparable terms, not all forward-looking statements include those identifying words. All statements other than statements of past fact included in this press release relating to the expected final date of the public offering and the Company’s methods, prospects, monetary condition, operations, costs, plans and objectives are forward-looking statements. only cause the actual effects and monetary condition of the Company to differ materially from those indicated in the forward-looking statements. These forward-looking statements are subject to dangers and uncertainties, including, but not limited to, those described in “Risk Factors”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, “Disclosure Regarding Forward-Looking Statements”. in the Registration Statement on Form F-1 filed with the SEC (Registration Number 333-270499) and the Final Prospectus. LOBO undertakes no legal responsibility to update or revise any forward-looking statements, whether as a result of new information, long-term events or otherwise, after the date on which the statements are made or to reflect the occurrence of unforeseen events. , unless required by law. It is worth reading this press release with the understanding that our actual long-term effects may differ materially from those we expect.
Contact:
For information, please contact: Zane XuIR Managerir@loboai. com
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