Webus International Announces Plans To Establish New Subsidiary In Osaka, Japan

Hangzhou, CHINA, April 22, 2025 (GLOBE NEWSWIRE) -- Webus International Limited ("Webus" or the "Company") (NASDAQ:WETO), a leading provider of AI-driven mobility solutions specializing in premium, customizable chauffeur services worldwide, today 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.

The property management company's business encompasses land acquisition, house construction and trading, as well as rental and homestay hotel operation, providing Webus with extensive resources across the entire real estate value chain. The Japanese tourism market is booming, with Osaka's GDP growing approximately 4% last year and 28 daily direct flights operating between Shanghai and Osaka alone, attracting visitors from China, Europe, and North America.

Osaka is poised for additional growth. In 2023, Osaka welcomed 15.6 million international tourists, surpassing its 2019 peak, with spending of $22.67 billion. Nationally, Japan hosted 36.9 million visitors in 2024, spending JPY 8 trillion ($51.2 billion), contributing 7.5% to GDP, with 2025 projections targeting 40 million visitors and JPY 9–10 trillion, and a 2030 goal of 60 million and JPY 15 trillion (JNTO, Statista).