Oct. 29 at 6:14 PM
Shares of Lobo EV Technologies rose Wednesday after the company announced a purchase order worth about
$1.19 million from Kenyan real estate firm Terrian Town Limited.
The order covers advanced photovoltaic energy storage systems to be installed in 80 villas at an estimated cost of
$13,900 each, along with several commercial units within Terrian Town’s eco-city project in Kajiado, Kenya.
Each system includes 10 kW solar arrays paired with 20 kWh lithium iron phosphate batteries, designed to meet up to 80% of residential energy needs. The project supports Terrian Town’s plan to build an 8.62-hectare green city powered by clean energy.
The deal marks Lobo’s continued expansion in Africa’s renewable energy sector as it strengthens its global footprint in sustainable infrastructure solutions.
$LOBO