LOBO Announces Strategic Cooperation in Indonesia’s $5 Billion+ EV Market with Green Gold Asia to Accelerate Global Expansion
LOBO has announced a strategic partnership with Green Gold Asia to enter Indonesia's electric vehicle market, projected to exceed $5 billion by 2030. The collaboration focuses on launching new electric bikes and tricycles, supported by GGA's charging station network.
The initial agreement is valued at $5 million USD for the first year, with planned rollout across major metropolitan areas. The partnership aims to capitalize on Indonesia's 270 million population market, where two- and three-wheel electric vehicles are expected to lead adoption.
This strategic cooperation combines LOBO's product innovation with Green Gold Asia's local market expertise to deliver affordable and sustainable mobility solutions. The comprehensive initiative includes electric vehicles, battery management systems, and charging infrastructure, targeting urban congestion reduction and cleaner transportation options.
LOBO ha annunciato una partnership strategica con Green Gold Asia per entrare nel mercato indonesiano dei veicoli elettrici, previsto superare i 5 miliardi di dollari entro il 2030. La collaborazione si concentra sul lancio di nuove biciclette e tricicli elettrici, supportati dalla rete di stazioni di ricarica di GGA.
L'accordo iniziale ha un valore di 5 milioni di dollari USA per il primo anno, con un piano di diffusione nelle principali aree metropolitane. La partnership punta a sfruttare il mercato indonesiano di 270 milioni di abitanti, dove i veicoli elettrici a due e tre ruote sono destinati a guidare l'adozione.
Questa cooperazione strategica unisce l'innovazione di prodotto di LOBO con l'esperienza di mercato locale di Green Gold Asia per offrire soluzioni di mobilità sostenibili e accessibili. L'iniziativa comprende veicoli elettrici, sistemi di gestione delle batterie e infrastrutture di ricarica, con l'obiettivo di ridurre la congestione urbana e promuovere trasporti più puliti.
LOBO ha anunciado una alianza estratégica con Green Gold Asia para ingresar al mercado de vehículos eléctricos de Indonesia, que se proyecta superará los 5 mil millones de dólares para 2030. La colaboración se centra en el lanzamiento de nuevas bicicletas y triciclos eléctricos, respaldados por la red de estaciones de carga de GGA.
El acuerdo inicial tiene un valor de 5 millones de dólares estadounidenses para el primer año, con un plan de despliegue en las principales áreas metropolitanas. La asociación busca aprovechar el mercado de 270 millones de habitantes de Indonesia, donde se espera que los vehículos eléctricos de dos y tres ruedas lideren la adopción.
Esta cooperación estratégica combina la innovación de productos de LOBO con la experiencia local de Green Gold Asia para ofrecer soluciones de movilidad asequibles y sostenibles. La iniciativa integral incluye vehículos eléctricos, sistemas de gestión de baterías e infraestructura de carga, con el objetivo de reducir la congestión urbana y promover opciones de transporte más limpias.
LOBO는 Green Gold Asia와 전략적 파트너십을 발표하며 2030년까지 50억 달러를 초과할 것으로 예상되는 인도네시아 전기차 시장에 진출합니다. 이번 협력은 GGA의 충전소 네트워크를 지원받아 새로운 전기 자전거와 삼륜차 출시를 중심으로 진행됩니다.
초기 계약 규모는 첫 해에 500만 미국 달러이며, 주요 대도시 지역에서 단계적으로 출시할 계획입니다. 이 파트너십은 2억 7천만 인구의 인도네시아 시장을 공략하며, 2륜 및 3륜 전기차가 도입을 주도할 것으로 기대됩니다.
이번 전략적 협력은 LOBO의 제품 혁신과 Green Gold Asia의 현지 시장 전문성을 결합하여 저렴하고 지속 가능한 모빌리티 솔루션을 제공합니다. 이 종합 이니셔티브는 전기차, 배터리 관리 시스템, 충전 인프라를 포함하며, 도시 혼잡 완화와 친환경 교통수단 확대를 목표로 합니다.
LOBO a annoncé un partenariat stratégique avec Green Gold Asia pour pénétrer le marché indonésien des véhicules électriques, estimé à plus de 5 milliards de dollars d'ici 2030. La collaboration porte sur le lancement de nouveaux vélos et tricycles électriques, soutenus par le réseau de stations de recharge de GGA.
L'accord initial est évalué à 5 millions de dollars US pour la première année, avec un déploiement prévu dans les principales zones métropolitaines. Ce partenariat vise à exploiter le marché indonésien de 270 millions d'habitants, où les véhicules électriques à deux et trois roues devraient mener l'adoption.
Cette coopération stratégique combine l'innovation produit de LOBO avec l'expertise locale de Green Gold Asia afin de proposer des solutions de mobilité abordables et durables. L'initiative globale inclut des véhicules électriques, des systèmes de gestion de batteries et des infrastructures de recharge, visant à réduire la congestion urbaine et à promouvoir des options de transport plus propres.
LOBO hat eine strategische Partnerschaft mit Green Gold Asia angekündigt, um in den indonesischen Markt für Elektrofahrzeuge einzutreten, der bis 2030 voraussichtlich 5 Milliarden US-Dollar übersteigen wird. Die Zusammenarbeit konzentriert sich auf die Einführung neuer elektrischer Fahrräder und Dreiräder, unterstützt durch das Ladenetzwerk von GGA.
Die Anfangsvereinbarung hat einen Wert von 5 Millionen US-Dollar für das erste Jahr, mit geplanter Einführung in den wichtigsten Metropolregionen. Die Partnerschaft zielt darauf ab, den Markt von 270 Millionen Einwohnern in Indonesien zu nutzen, wo Elektrofahrzeuge mit zwei und drei Rädern voraussichtlich die Einführung anführen werden.
Diese strategische Kooperation verbindet die Produktinnovation von LOBO mit der lokalen Marktexpertise von Green Gold Asia, um erschwingliche und nachhaltige Mobilitätslösungen zu bieten. Die umfassende Initiative umfasst Elektrofahrzeuge, Batteriemanagementsysteme und Ladeinfrastruktur mit dem Ziel, die städtische Verkehrsbelastung zu reduzieren und sauberere Transportmöglichkeiten zu fördern.
- Strategic entry into Indonesia's $5B+ projected EV market
- $5M first-year cooperation agreement secured
- Access to 270 million population market
- Partnership includes charging infrastructure development
- Initial market penetration to metropolitan regions
- Significant competition in Asia's EV market
- Success dependent on local partner execution
Insights
LOBO's $5M Indonesia partnership creates significant revenue potential, targeting $5B EV market by 2030—a substantial opportunity relative to its $6.1M market cap.
LOBO's strategic cooperation with Green Gold Asia represents a calculated expansion into Indonesia's electric mobility market, which is projected to exceed
The Indonesian market offers compelling demographics with a population exceeding 270 million, rapid urbanization, and a growing middle class. The partnership strategically focuses on two- and three-wheel electric vehicles—segments expected to lead EV adoption in emerging markets due to affordability and practicality concerns.
This arrangement addresses the complete EV ecosystem by combining LOBO's vehicle manufacturing capabilities with Green Gold Asia's expertise in developing charging infrastructure and navigating local market dynamics. The phased metropolitan rollout indicates a methodical approach to market penetration.
What elevates this beyond a typical market entry is its position within LOBO's broader global expansion strategy. The announcement explicitly mentions plans for further expansion across Southeast Asia, Latin America, and Africa, suggesting Indonesia serves as a template for LOBO's approach to emerging markets.
For a company of LOBO's size, securing a partnership potentially worth
WUXI, China, April 24, 2025 (GLOBE NEWSWIRE) -- LOBO, a fast-growing electric mobility manufacturer, is pleased to announce its intent to initiate a strategic cooperation in Indonesia with Green Gold Asia to launch a new line of innovative electric bike and tricycle. This move is a key milestone in LOBO’s mission to expand globally and deliver accessible, green mobility to communities around the world.
Indonesia is one of the most promising markets for electric mobility, driven by rapid urbanization, a growing middle class, and strong national commitments to sustainable development. With a population of over 270 million and increasing demand for environmentally friendly transportation, Indonesia’s EV market is projected to surpass
In this partnership, LOBO and Green Gold Asia—a local leader in sustainable development and market entry strategy—will combine their strengths to deliver tailored, high-quality electric vehicles supported by a reliable network of charging stations developed by GGA. According to the strategic agreement, the cooperation is expected to exceed
“This cooperation represents a powerful alignment of technology and local insight,” said Mr. Huajian Xu, CEO of LOBO. “We believe sustainable mobility should be inclusive, affordable, and relevant to real-life needs. By working with Green Gold Asia, we are laying the foundation for long-term impact in one of Asia’s most important markets.”
Mr. Leonard Ho, CEO of Green Gold Asia, added: “LOBO brings the kind of visionary product innovation and global experience that complements our deep understanding of the Indonesian market. Together, we aim to fast-track the adoption of electric mobility and empower communities with smarter, cleaner transportation options.”
LOBO and GGA’s comprehensive solution spans from innovative electric vehicles to intelligent battery management and integrated charging infrastructure. The initiative will help Indonesia reduce carbon emissions, ease urban congestion, and offer practical, modern transport options to individuals and families alike.
This partnership is part of LOBO’s broader international strategy, with further expansions planned across Southeast Asia, Latin America, and Africa in the coming year.
About LOBO
LOBO is an innovative electric mobility company headquartered in Tianjin, China, committed to revolutionizing urban transportation through high-performance, sustainable vehicles and smart infrastructure solutions. With a focus on affordability and real-world functionality, LOBO empowers communities with clean, accessible mobility technologies.
About Green Gold Asia
Green Gold Asia (GGA) is a pioneering leader in sustainable mobility solutions, dedicated to transforming the transportation landscape across Southeast Asia. Founded in 2024 and headquartered in West Jakarta, Indonesia, GGA operates through several specialized divisions, including electric vehicle sourcing, charging infrastructure development, financial services, and educational programs. Their mission is to empower mid- and low-income communities by providing access to electric vehicles, charging infrastructure, and innovative green technologies, fostering environmental sustainability and economic growth for all. (see gga.footprintglobal.sg)
Media Contact
Horizon IR
Michael Wei
Email: hwey@horizonconsultancy.co
FAQ
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