10:37 AM EDT, 10/20/2025 (MT Newswires) -- Lobo EV Technologies (LOBO) said Monday that it signed a letter of intent to collaborate with Strattners Bank and World Business Group in supporting the development of a first-phase cybercity in Ghana.

Financial details of the planned collaboration were not disclosed. The cybercity's first phase will include an electric vehicle manufacturing facility and headquarters for digital banking, Lobo ( LOBO ) said.

Strattners Bank is an investor in Lobo ( LOBO ) and plans to support the company's strategic expansion plan through its participation in the collaboration, according to the statement.

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