Webus International (WETO) announced plans to establish a new subsidiary in Osaka, Japan, marking a significant milestone in the Company’s global expansion strategy. Webus has signed strategic cooperation agreements with leading local accommodation operators in Osaka, including a comprehensive property management company with approximately $500 million in assets under management. The Company’s expansion includes establishing an Osaka headquarters, acquiring land for coastal resorts and boutique accommodations, developing homestay hotels and luxury resorts, creating cultural tourism packages, and building a dedicated vehicle fleet with local drivers-ensuring quality control in this high-demand market.
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