# STAK Inc. Accelerates New Energy Vehicle Expansion with Growing Product Portfolio and Intellectual Property

- Link: https://www.thailand-business-news.com/pr-news/stak-inc-accelerates-new-energy-vehicle-expansion-with-growing-product-portfolio-and-intellectual-property
- Published: 2026-06-02T15:00:00+07:00
- Author: PR Newswire

CHANGZHOU, China, June 2, 2026 /PRNewswire/ — STAK Inc. (the "Company" or "STAK")(
Nasdaq: STAK), a fast-growing company specializing in the research, development,
manufacturing, and sale of oilfield-specialized production and maintenance equipment,
today announced the rapid scale-up of its new energy vehicle ("NEV") business, driven
by a broadening product lineup and a growing portfolio of patents and software copyrights
during the second half of 2025 and the first quarter of 2026.

The Company began exploring NEV-related business opportunities in May 2025 through
limited initial deployments and preliminary commercialization activities. During
the initial launch phase from May 1, 2025 through June 30, 2025, the Company generated
approximately RMB2.8 million (approximately US$0.4 million) in NEV-related revenue,
which primarily reflected early-stage market testing and customer onboarding efforts.
Beginning in the second half of 2025, customer demand and commercialization activities
expanded significantly, and the Company’s NEV-related business generated approximately
RMB62.6 million (approximately US$9.2 million) in cumulative revenues for the nine
months ended March 31, 2026. The substantial increase in revenue contribution over
a relatively short commercialization cycle reflects growing market acceptance and
the scalability of the Company’s NEV business strategy.

Alongside strong revenue growth, the Company continues to expand its NEV product
portfolio with the introduction of more specialized vehicles. STAK currently markets
four battery-electric models designed primarily for oilfield logistics and broader
construction applications. These vehicles feature zero-emission operation, lower
total cost of ownership, enhanced safety, and improved user experience, aiming to
align with customers’ increasing environmental, social, and governance ("ESG") requirements.

The industrial NEV market is experiencing sustained high-growth momentum in China
and globally, driven by the gradual replacement of traditional fuel vehicles with
electric alternatives. According to QYResearch, a Chinese market research and consulting
firm, the global battery-electric engineering vehicle market is expected to maintain
a compound annual growth rate ("CAGR") of approximately 46.6% from 2025 to 2031.
Within this global expansion, China represents a particularly compelling growth 
market. As of 2025, the battery-electric engineering vehicle market in China is 
experiencing rapid uptake, supported by favorable policies and validated by expanding
application scenarios, with accelerating penetration in sub-segments.

This trend has been further reinforced by China’s national "dual-carbon" goals —
peaking carbon emissions by 2030 and achieving carbon neutrality by 2060. New energy
engineering machinery has been designated as a priority development category in 
successive national Five-Year Plans, encouraging enterprises to accelerate electrification
technology development, product commercialization, and regional deployment through
subsidies and incentive programs. Together, these policies provide a strong and 
sustained tailwind for the adoption of new energy engineering machinery.

Against this favorable macro backdrop, STAK has formally entered the engineering
NEV segment, leveraging its accumulated expertise in oilfield equipment and specialized
vehicle technologies. As of today, the Company, through its wholly owned subsidiaries,
holds seven invention patents, three utility model patents, and four registered 
software copyrights related to NEV technologies, including four patents currently
under review.

Mr. Chuanbo Jiang, Chairman and Chief Executive Officer of STAK, commented, "The
surge in demand for electric heavy-duty vehicles is structural rather than cyclical,
particularly in light of global electrification trends and strong policy support
in China. Moreover, low baseline penetration across most sub-segments provides early
movers with substantial growth runway. We believe our proprietary technologies, 
together with our unwavering commitment to and investment in innovation, uniquely
position STAK to build NEVs into a core growth engine and deliver long-term value
to our shareholders."

**About STAK Inc.**

STAK Inc. is a fast-growing company specializing in the research, development, manufacturing,
and sale of oilfield-specific production and maintenance equipment. The Company 
designs and manufactures oilfield-specialized production and maintenance equipment,
then collaborates with qualified specialized vehicle manufacturing companies to 
integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles
for sale. Additionally, the Company sells oilfield-specialized equipment components,
related products, and provides automation solutions. Its vision is to help oilfield
services companies reduce costs and increase efficiency by providing the cutting-
edge integrated oilfield equipment and automation solutions service. Its mission
is to become a powerful provider for the niche markets of specialized oilfield vehicles
and equipment in China. For more information, please visit the Company’s website
at [https://www.stakindustry.com/ir/](https://www.stakindustry.com/ir/).

**Forward-Looking Statements**

Certain statements in this announcement are forward-looking statements. These forward-
looking statements involve known and unknown risks and uncertainties and are based
on the Company’s current expectations and projections about future events that the
Company believes may affect its financial condition, results of operations, business
strategy and financial needs. Investors can find many (but not all) of these statements
by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate,""
potential," "intend," "plan," "believe," "likely to" or other similar expressions
in this prospectus. The Company undertakes no obligation to update or revise publicly
any forward-looking statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law. Although the Company
believes that the expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn out to be correct,
and the Company cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other factors that may
affect its future results in the Company’s registration statement and other filings
with the U.S. Securities and Exchange Commission (the "Commission").

**For more information, please contact:**

**STAK Inc.**
Investor Relations DepartmentEmail: [ir@stakindustry.com](https://www.thailand-business-news.com/pr-news/ir@stakindustry.com)

**Ascent Investor Relations LLC**
Tina XiaoPhone: +1-646-932-7242Email: [investors@ascent-ir.com](http://investors@ascent-ir.com/)

 

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