LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric vehicle manufacturer and seller, today announced its subsidiary, Tianjin Bibosch Intelligent Technology Co., Ltd., will participate in the 135th China Import and Export Fair (“Canton Fair”), slated to take place on Pazhou Island, Guangzhou, China, from April 15 to April 19, 2024.
LOBO will introduce its latest advancements in electric mobility at the Canton Fair, with a spotlight on its newly developed solar energy series. This includes a range of solar-powered e-trikes, golf carts, and ATV/UVT models, all designed to address the critical challenges of charging convenience and travel range.
The Canton Fair will also serve as the launch pad for LOBO’s new delivery e-bike series, designed to address the burgeoning demand in the food and goods delivery sector which is being fueled by the growth of services from leading fast-food restaurants and major retailers. China’s parcel delivery industry delivered a record 110.6 billion packages in 2022, according to data from Cushman & Wakefield, a leading global services firm.
To maximize its impact at the Canton Fair, LOBO has extended invitations to distributors from over 30 countries, engaging more than sixty executives, sales managers, and representatives. The response has been positive, with confirmed intentions to visit from numerous countries including Ukraine, Serbia, Ecuador, Brazil, Chile, the Philippines, Indonesia, and South Korea, among others. This global interest underscores the Company’s commitment to innovation and its pivotal role in shaping the future of electric mobility.
“We are thrilled to showcase our newest solar-powered EVs at this year’s Canton Fair. Historically, our participation in the Canton Fair has consistently led to fruitful results, and I am confident that this year will be no exception,” stated Huajian Xu, CEO of LOBO. “Our latest lineup, including solar-powered e-trikes, golf carts, and ATV/UVT models, alongside our groundbreaking delivery EV series, is designed to meet the evolving needs of the global market, especially in sectors with high demand for sustainable and reliable transportation solutions. These latest advancements reinforce our commitment to leading the electric mobility revolution, leveraging solar energy to address some of the most pressing challenges faced by the EV industry today. We’re setting the stage for a future where electric mobility is accessible, efficient, and integral to daily life around the world.”
The Canton Fair, celebrated as the largest and most influential trade exhibition in China, is expected to draw 700,000 overseas buyers from 229 countries and regions, according to estimates by the organizing committee, including an estimated 200,000 in-person attendees and over 500,000 online participants.
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.
