STAK•STAK•STAK Inc.’s NEV business generated RMB62.6 million (US$9.2 million) in revenues during the nine months ended March 31, 2026, up from RMB2.8 million in its initial launch phase. The company now offers four battery-electric models for oilfield logistics and holds seven invention patents, three utility patents and four software copyrights.
STAK began limited NEV deployments in May 2025, generating RMB2.8 million (US$0.4 million) in initial test-phase revenue through June 2025. Commercialization accelerated in H2 2025, delivering RMB62.6 million (US$9.2 million) in cumulative NEV-related revenues for the nine months ended March 31, 2026, reflecting rapid market acceptance.
The company now markets four battery-electric models tailored for oilfield logistics and broader construction tasks. These zero-emission vehicles offer lower total cost of ownership, enhanced safety features and improved user experience to meet rising ESG requirements across industrial sites.
STAK’s NEV technologies are backed by a robust IP portfolio comprising seven granted invention patents, three utility model patents and four registered software copyrights, with an additional four patents pending review. This intellectual property supports product differentiation and long-term competitive advantage in the NEV segment.
The global battery-electric engineering vehicle market is projected to grow at a 46.6% CAGR from 2025 to 2031, driven by electrification trends. In China, national dual-carbon goals and successive Five-Year Plan incentives, including subsidies and regional deployment programs, are fueling rapid adoption of new energy engineering machinery.
