LOBO EV Technologies (NASDAQ: LOBO) expects 80% year-over-year revenue growth for 2024, fueled by expanded production capacity, new product launches, and market entry into Eastern Europe and Latin America. CEO Huajian Xu highlighted the company’s strategic investments and innovation efforts as key growth drivers, with margin improvements expected in the second half of the year due to operational efficiencies. LOBO’s focus on cutting-edge electric vehicle solutions and global expansion positions the company for continued success in a rapidly evolving market.
Disclosure
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.
