LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway four-wheeled shuttle designer, developer, manufacturer and seller, signed a strategic manufacturing and distribution agreement with Capital Fortress Assets Ltd. (“Capital Fortress”), a lawn and garden equipment distributor. This agreement marks a pivotal expansion of LOBO’s business in the U.S. and Australian markets, two regions with significant growth potential for robotic lawn mowers.

Under the terms of the agreement, Capital Fortress will distribute and assemble LOBO’s robotic lawn mowers and other innovative products in the U.S. and Australia. LOBO will supply products and components to Capital Fortress in Complete Knock Down (CKD) form, enabling efficient local assembly and distribution. This strategic collaboration enhances LOBO’s ability to penetrate key markets effectively while prioritizing operational efficiency.

“This partnership represents an exciting opportunity to grow LOBO’s footprint in two of the most dynamic markets for robotic and electric-powered equipment,” said Huajian Xu, CEO of LOBO. “We are confident that by leveraging local manufacturing and distribution expertise, we can enhance our market responsiveness and deliver sustainable, high-quality solutions to our customers.”

Key Highlights of the Agreement:Exclusive Distribution Rights: Capital Fortress is granted exclusive rights to distribute and sell LOBO’s robotic lawn mowers in the U.S. and Australia, excluding direct e-commerce channels.

Sales Commitments: A minimum sales volume of $1 million or 1,500 units within the first 12 months, supporting the scalability of the venture.

Manufacturing Innovation: Provisions for supply chain optimization, including supporting efforts to develop locally manufactured components to enhance cost efficiency and meet regulatory requirements.

Support: Capital Fortress will provide comprehensive after-sales service.

LOBO’s robotic-driven lawn mower, the centerpiece of this partnership, combines cutting-edge autonomous navigation and robust performance, making it ideal for residential and commercial applications. The products will be marketed under LOBO’s trademark and reflect the company’s commitment to sustainable and intelligent design.

The partnership is expected to drive revenue growth by expanding LOBO’s access to two high-potential markets. The expertise of Capital Fortress and its related companies in distribution and manufacturing is anticipated to accelerate product availability and customer adoption.