LOBO EV Technologies Ltd. announced its new strategic collaboration with Serbian distributor CSM2017 Doo (?CSM2017?), marking a milestone in its expansion into the burgeoning electric vehicle market in Eastern Europe. With a growing demand for sustainable transportation options, the region presents a ripe opportunity for LOBO EV?s innovative product lineup, starting with the CSM-01 e-bicycle. LOBO EV is currently finalizing the development of the CSM-01 model and preparing the assembly line for CSM2017, with revenue generation from the collaboration expected to begin in Second Quarter 2024.

The establishment of an assembly line in Serbia enables ?Made in Serbia? labeling for the CSM-01 e-bicycle. LOBO EV will manufacture and assemble the majority of the parts in China, ensuring the quality and reliability of the e-bicycles before they are exported to Serbia for final assembly.

Additionally, the Serbian facility will offer ongoing maintenance services to customers, further emphasizing the commitment of both companies to customer satisfaction and after-sales support.