LOBO EV Technologies “strengthened its penetration of the Latin American market after hosting a successful visit from one of Brazil’s well-established electric mobility dealers, marking the first on-site inspection after nearly a year of business dealings between the companies. This visit has provided the Brazilian team with an in-depth understanding of LOBO’s strong production capabilities and professional services, bolstering their confidence in deepening their relationship with LOBO.” The dealer, which generates over $8 M in annual sales of various short-distance electric mobility vehicles, currently engages in OEM production and procurement from multiple Chinese manufacturers. Recognizing the superior quality and consistency of LOBO’s products, the dealer plans to transition to centralized manufacturing and procurement from LOBO to enhance product quality, improve consistency, and reduce transaction costs-a significant strategic shift for the dealer.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOBO:
- Lobo EV Technologies Unveils New Investor Website
- LOBO EV announces wholesale purchase order from Ecuadorian wholesalers
- LOBO EV Expands Latin American Market Penetration with Wholesale Purchase Order for Nine Containers of E-Bikes and E-Trikes
- LOBO EV launches new e-moped models at China Cycle Exhibition
- LOBO EV Launches New E-Moped Models at China Cycle Exhibition