LOBO EV Technologies Ltd. (Nasdaq: LOBO) has announced the grand opening of its newest manufacturing facility in Wuxi, China. With a spacious 135,754-square-foot area, the facility is strategically located in the heart of the bustling Wuxi e-bike industry. This expansion more than doubles LOBO’s production capacity in the region, allowing the company to meet the increasing demand for its electric vehicles.
The new assembly lines in the facility are projected to boost LOBO’s annual production value to over $27 million. With a focus on two-wheeled electric vehicles, including e-bikes, electric mobility scooters, and high-speed electric motorcycles, LOBO is set to make a significant impact in the market.
CEO Huajian Xu expressed his excitement about the new facility, stating, “Our new manufacturing facility in Wuxi is a crucial part of our expansion strategy. Not only does it increase our production capacity, but it also enables us to innovate and satisfy the growing demand for high-quality electric vehicles. This investment reflects our confidence in the global market for our products and marks a turning point for LOBO’s future.”
In addition to its manufacturing capabilities, the facility’s prime location offers logistical advantages for container shipping, facilitating LOBO’s ability to serve customers worldwide. The Wuxi plant is one of three manufacturing facilities operated by LOBO, alongside its locations in Tianjin.
Moreover, the new facility in Wuxi will be registered for a world manufacturer identifier (WMI) and adhere to Level 1 Motorcycle Qualification Standards, as stipulated by China’s Ministry of Industry and Information Technology. This will enable LOBO to introduce new product lines, including high-speed electric motorcycles and license-plated electric vehicles.
The expansion comes on the back of LOBO’s successful presence at the Canton Fair in April 2024, where the company secured nearly $1 million in customer deposits and generated an estimated $5 million worth of potential new orders. Furthermore, LOBO has welcomed close to 10 clients for on-site visits as part of their due diligence processes, showcasing the company’s commitment to transparency and customer satisfaction.
With its state-of-the-art facility in Wuxi, LOBO EV is well-positioned to capitalize on the growing demand for electric vehicles and further solidify its position in the market. The company’s dedication to innovation and quality manufacturing is set to reshape the industry and pave the way for a more sustainable future of transportation.
LOBO EV Technologies Ltd. is a prominent player in the electric vehicle industry, specializing in the production of two-wheeled electric vehicles such as e-bikes, electric mobility scooters, and high-speed electric motorcycles. The company recently announced the opening of its latest manufacturing facility in Wuxi, China, to meet the rising demand for its electric vehicles.
The Wuxi facility spans an impressive 135,754 square feet and strategically positions LOBO in the heart of the bustling Wuxi e-bike industry. This expansion more than doubles the company’s production capacity in the region, highlighting its commitment to meeting customer demands.
According to CEO Huajian Xu, the new facility not only enhances LOBO’s production capabilities but also enables innovation to satisfy the growing demand for high-quality electric vehicles. This move represents LOBO’s optimism about the global market for its products and signals a promising future for the company.
In terms of financial impact, the new assembly lines in the Wuxi facility are projected to increase LOBO’s annual production value to over $27 million. This substantial growth is a testament to the company’s successful presence in the industry and its ability to capture market share.
One of the notable advantages of the Wuxi location is its logistical benefits for container shipping, facilitating LOBO’s ability to serve customers worldwide. This strategic advantage strengthens the company’s global reach and positions it as a major player in the international electric vehicle market.
Moreover, the Wuxi facility will be registered for a world manufacturer identifier (WMI) and adhere to China’s Ministry of Industry and Information Technology’s Level 1 Motorcycle Qualification Standards. This compliance allows LOBO to introduce new product lines, such as high-speed electric motorcycles and license-plated electric vehicles.
The expansion in Wuxi follows the success LOBO achieved at the Canton Fair in April 2024. During the fair, the company secured nearly $1 million in customer deposits and generated an estimated $5 million worth of potential new orders. Additionally, LOBO has hosted approximately 10 clients for on-site visits, demonstrating its commitment to transparency and customer satisfaction.
With its state-of-the-art facility in Wuxi, LOBO EV is well-positioned to capitalize on the growing demand for electric vehicles. The company’s commitment to innovation and quality manufacturing sets it apart in the market and contributes to a more sustainable future of transportation.
For more information about LOBO EV Technologies and its products, visit their official website: loboev.com.