LOBO Technologies has created a new Solar Division by fully integrating the Shenzhen Xiangri Technology team into its Jiangsu subsidiary. The move, announced on December 12, 2025, brings a 12‑year‑old solar specialist with 15 registered patents in module fabrication and system design into LOBO’s product portfolio.
Xiangri’s experience and intellectual property give LOBO a ready‑made platform for photovoltaic (PV) energy‑storage solutions. The company plans to use the new division to supply integrated solar‑powered electric vehicles and storage systems, with internal testing indicating a potential 19% increase in range for low‑speed EVs when the PV‑storage‑charging system is deployed.
LOBO’s 2024 revenue was $21.15 million. Management projects that the Solar Division could generate roughly $5 million in revenue in 2026, a figure that would represent about 24% of the company’s 2024 top line. The projection is contingent on market conditions, and the company has highlighted its ongoing solar‑storage order in Kenya worth $1.194 million as a first‑step milestone.
The expansion into Africa and the focus on PV‑storage align with global trends toward renewable energy and sustainable transportation. By combining its EV expertise with Xiangri’s solar technology, LOBO seeks to create a new revenue stream while reinforcing its competitive position in both automotive and energy sectors. The move also signals a strategic pivot toward renewable solutions, a shift that could broaden the company’s customer base and reduce reliance on the volatile EV market.
CEO Xu Huajian described the integration as a “milestone” that strengthens technical and sales capabilities and supports the company’s African projects. He acknowledged that the company faces profitability challenges, noting that LOBO’s gross profit margin is expected to improve to about 17% in fiscal 2025. The CEO emphasized the need for continued execution to realize the full potential of the new division while managing integration risks and market uncertainty.
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