#China #electric vehicles #Changzhou #New Energy Vehicle #STAK Inc.

STAK Inc. Accelerates Growth in the New Energy Vehicle Sector

STAK Inc., known for its specialization in oilfield equipment, is rapidly evolving its business model by venturing into the new energy vehicle (NEV) market. This strategic expansion comes on the heels of a growing product lineup and a strong portfolio of patents and software copyrights, primarily developed during late 2025 and early 2026.

Initial Steps into the NEV Market

In May 2025, STAK initiated its exploration of NEV opportunities through preliminary market testing and commercialization efforts. The initial phase, spanning from May to June 2025, resulted in an impressive revenue generation of approximately RMB2.8 million (about US$0.4 million). This revenue primarily came from early customer engagements, validating the market's interest in STAK's NEV offerings.

As the second half of 2025 unfolded, STAK experienced a significant surge in customer demand, leading to cumulative revenues of approximately RMB62.6 million (around US$9.2 million) by March 31, 2026. This rapid revenue growth highlights both the increasing market acceptance of electric vehicles and the scalability of STAK's NEV business strategy.

Expanding Product Portfolio

STAK's innovation in the NEV sector is evident through its expanding product portfolio. Currently, the company markets four battery-electric models tailored for oilfield logistics and construction applications. These vehicles stand out for their zero-emission capabilities, reduced total ownership costs, and enhanced safety features, which align with the growing environmental, social, and governance (ESG) requirements of customers.

Market Trends and Growth Potential

The global industrial NEV market is experiencing significant growth, largely driven by the shift from traditional fuel-based vehicles to electric alternatives. Market research firm QYResearch projects a compound annual growth rate (CAGR) of approximately 46.6% for global battery-electric engineering vehicles from 2025 to 2031. China is particularly poised for substantial growth, driven by favorable policies and an increasing range of applications in the engineering sector.

This growth trend is reinforced by China's ambitious national goals to peak carbon emissions by 2030 and achieve carbon neutrality by 2060. In recent Five-Year Plans, the government has prioritized new energy engineering machinery, facilitating the transition to electric technology through subsidies and incentives for enterprises.

Leveraging Expertise and Intellectual Property

Amidst this favorable backdrop, STAK has officially entered the engineering NEV segment, leveraging its expertise in oilfield equipment and specialized vehicles. The company has secured seven invention patents, three utility model patents, and four software copyrights related to NEV technologies, with four additional patents currently under review.

The Chairman and CEO of STAK, Mr. Chuanbo Jiang, emphasizes that the demand for electric heavy-duty vehicles is driven by structural changes rather than cyclical trends. He asserts that the company's proprietary technologies and commitment to innovation position STAK favorably in the NEV sector, providing substantial growth potential and long-term value for shareholders.

Conclusion

As STAK Inc. forges ahead in the new energy vehicle market, it remains steadfast in its mission to enhance efficiency and lower costs for its customers. By focusing on cutting-edge technology and responding to market trends, STAK continues to establish itself as a key player in the evolving landscape of electric vehicles, showcasing the potential to become a formidable entity in this growing industry.