LOBO EV Technologies Ltd. has secured its first commercial order in Western Europe, receiving a purchase order for 50 units of its newly co‑developed, EEC‑certified tricycle electric vehicle from a German distributor. The order marks the company’s inaugural deployment of the tricycle line in the European market and represents a significant step in its strategy to expand beyond its China‑centric operations.
The tricycle EV is engineered to meet the European Union’s safety, environmental protection, and electromagnetic compatibility standards, a prerequisite for EEC certification. It features a 100‑kilometer driving range, an intelligent controller, and CarPlay integration, positioning it as a compelling option for urban mobility in cities that are aggressively pursuing low‑emission transport solutions.
Strategically, the order aligns with CEO Huajian Xu’s vision of transforming LOBO into a global player in new‑energy transportation. The company’s 2024 revenue of $21.2 million grew 36.9% from the prior year, while it reported a net loss of $845,841. LOBO forecasts 2025 revenue of $28–$30 million and a projected net income of approximately $3 million, signaling a return to profitability as it scales its product portfolio and expands into new markets.
The 50‑unit order adds to LOBO’s backlog and provides a tangible revenue opportunity in a high‑growth segment. While the order’s immediate financial impact is modest relative to the company’s overall revenue, it demonstrates LOBO’s ability to secure contracts in a market with stringent regulatory hurdles, thereby enhancing its credibility with future European customers.
Investors have noted the order as a positive development, and LOBO’s stock has shown recent momentum. Management remains confident that the company’s focus on cost discipline, product innovation, and strategic partnerships will support its projected growth trajectory.
The order underscores LOBO’s capability to meet rigorous EU standards and positions the company for further expansion across Europe, potentially opening additional distribution channels and reinforcing its competitive stance in the emerging tricycle EV segment.
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