Lobo EV Technologies Ltd. (LOBO) has released an update.
Lobo EV Technologies Ltd., an emerging player in the electric vehicle sector, has shown a robust increase in total assets, reaching $24.46 million as of June 30, 2024, compared to $19.67 million at the end of the previous year. Despite this asset growth, the company reported a net loss of $302,518 for the first half of 2024, a downturn from the net income of $657,774 in the same period last year. This financial snapshot suggests significant investments and developments, although profitability challenges have emerged in the short term.
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