LOBO EV
$2.04 -0.2800 -11.42% 7.4K
Driving the Future of Electric Mobility
Company Overview
LOBO EV, headquartered in Wuxi, China, is a pioneering OEM and ODM manufacturer and seller of electric vehicles (EVs), including e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles, tailored for various demographics, including mobility solutions for the elderly and disabled. Beyond vehicle manufacturing, LOBO offers automobile information and entertainment software development services to industry OEMs. The Company has a proven track record of leveraging advanced technologies in connectivity, multimedia, interactive systems, and artificial intelligence to enhance user experience with affordable, convenient, and enjoyable driving solutions. Holding a robust position in the market, LOBO is distinguished by its Alibaba.com 'golden plus' supplier status and its certification as an Excellent Company by the China Business Credit Platform, signaling its commitment to quality and innovation in the electric vehicle industry.
Value Proposition
LOBO EV presents an attractive value proposition underpinned by its strategic growth initiatives and solid performance across key segments. With an established track record and a focus on becoming an OEM and ODM leader in the intelligent urban e-bike, e-trike, and off-highway four-wheeled electric vehicles (EVs) market over the next decade, LOBO is poised for significant growth.
In FY 2023, the Company’s two-wheeled e-bike segment accounted for 67% of overall sales, contributing RMB USD $10.3 million in revenue. This performance, coupled with strategic inroads in the three-wheeled EV market, which generated USD $2.1 million, and off-highway four-wheeled EVs, which generated revenues of USD $0.2 million in FY 2023, highlight the ability of the Company to tap into high-growth market segments. LOBO is navigating a path toward market leadership in these segments, supported by its innovative product offerings and strategic market positioning.
LOBO is also broadening its market reach, focusing on expanding sales in the ASEAN countries, Eastern Europe—including Serbia, Bulgaria, and Ukraine—and Latin America. These strategic international expansion initiatives have partially offset the temporary industry slowdown and increasing domestic competition in China as the Company capitalizes on emerging opportunities where there is increasing demand for electric mobility. Demand in these regions is being driven by growing environmental awareness, supportive policies for electric vehicles, and the rising need for sustainable transportation in urban centers.
The global e-bike, e-trike, and e-scooter market was estimated at a combined $28 billion in 2023 and is expected to surpass $39 billion by 2028, growing at a compound annual growth rate of 6.6%, according to data from the Business Research Company.
Established OEM & ODM Manufacturing Facilities
Investor Presentation
Investment Highlights
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Established track record of performance and proven strategic growth initiatives
- Established track record with a focus on becoming an OEM and ODM leader in intelligent urban tricycles and off-highway four-wheeled EVs
- Driving growth through global expansion, continuous innovation, new product launches, and enhancing customer relationship management
- Diversification of marketing approaches and stringent cost control measures
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Capitalizing on multiple high-growth segments
- Two-wheeled e-bike/e-moped segment
- Accounted for 67% of overall sales in FY 2023
- Generated USD $10.3 million in revenue in FY23
- Three-wheeled e-trike market
- Generated USD $2.1 million in FY23
- Off-highway four-wheeled EVs
- Generated revenue of USD $0.2 million in FY23
- Two-wheeled e-bike/e-moped segment
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Large market opportunity
- Chinese e-bike market currently valued at $16 billion, with a forecast to reach $31.3 billion in the next five years (11.76% CAGR)
- Global e-bike, e-trike, and e-scooter market was estimated at a combined $28 billion in 2023 and is expected to surpass $39 billion by 2028 (6.6% CAGR)
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Strong leadership
- Guided by a visionary management team committed to steering the company towards capturing emerging opportunities within the massive EV market
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Disclosure
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RedChip Visibility is a division of RedChip Companies, Inc. and offers research services to paying clients. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that RedChip Companies Inc. is an investor relations firm hired by certain companies to increase investor awareness to the small-cap equity community.
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LOBO EV (LOBO) is a client of RedChip Companies, Inc. LOBO agreed to pay RedChip Companies, Inc. a $12,500 monthly cash fee, beginning in February 2024, for six month of investor awareness services. LOBO also agreed to pay RedChip a one-time fifty-thousand dollar fee for a 10-day national TV ad campaign scheduled to air weekdays from March 27 through April 9, 2024.
Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. RedChip investor awareness services include the preparation of a research profile(s), multimedia marketing, and other awareness services.