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

(Very Positive)
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STAK (Nasdaq: STAK) reported rapid expansion of its new energy vehicle (NEV) business in late 2025 and early 2026. NEV-related revenue rose from approximately RMB2.8 million in May–June 2025 to about RMB62.6 million for the nine months ended March 31, 2026.

The company now markets four battery-electric industrial vehicle models and, through subsidiaries, holds seven invention patents, three utility model patents, and four software copyrights related to NEV technologies, with four additional patents under review.

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Positive

  • NEV revenue of approximately RMB62.6 million for nine months ended March 31, 2026
  • Initial NEV revenue of approximately RMB2.8 million during May 1–June 30, 2025 launch phase
  • Four battery-electric models targeting oilfield logistics and construction applications
  • Portfolio of seven invention and three utility model NEV patents plus four software copyrights

Negative

  • None.

News Market Reaction – STAK

+94.87% 13.6x vol
88 alerts
+94.87% Session close to close
+310.5% Peak Tracked
-5.7% Trough Tracked
$73.58M Market Cap
13.6x Rel. Volume

In the Jun 2 session, STAK gained 94.87%, reflecting a significant positive market reaction. Argus tracked a peak move of +310.5% during that session. Argus tracked a trough of -5.7% from its starting point during tracking. Our momentum scanner triggered 88 alerts that day, indicating high trading interest and price volatility. Trading volume was exceptionally heavy at 13.6x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +94.9% in the session following this news. A strong positive reaction aligns with t...
Analysis

The stock surged +94.9% in the session following this news. A strong positive reaction aligns with the article’s emphasis on rapid NEV revenue growth, from RMB2.8M in early testing to RMB62.6M over nine months, and a pipeline of NEV-related patents. However, recent history showed sharp drops of -62.71% and -27.13% after earnings and compliance news, so investors have previously faded good headlines, suggesting sentiment around execution and capital needs has been fragile.

Key Figures

Initial NEV revenue: RMB2.8 million (US$0.4 million) NEV revenue scale-up: RMB62.6 million (US$9.2 million) Commercialization period: Nine months +5 more
8 metrics
Initial NEV revenue RMB2.8 million (US$0.4 million) May 1, 2025–June 30, 2025 launch phase
NEV revenue scale-up RMB62.6 million (US$9.2 million) Nine months ended March 31, 2026
Commercialization period Nine months NEV-related business to March 31, 2026
Battery-electric models 4 models Current NEV product lineup
Global BEV engineering CAGR 46.6% Expected CAGR 2025–2031 per QYResearch
China carbon peak goal 2030 Target year to peak carbon emissions
China carbon neutrality goal 2060 Target year for carbon neutrality
NEV-related IP holdings 7 invention, 3 utility, 4 software copyrights Plus 4 patents under review

Historical Context

3 past events · Latest: May 13 (Neutral)
Pattern 3 events
Date Event Sentiment 24h Move Catalyst
May 13 Earnings results Neutral -62.7% First-half 2026 results with revenue growth but weaker margins and earnings.
Apr 14 Listing compliance Positive -27.1% Nasdaq confirmed STAK regained compliance with the $1.00 bid requirement.
Jan 8 Registered offering Negative -4.8% Closed US$2.3M registered direct offering with shares and warrants issued.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent history shows sharp negative reactions even to seemingly constructive updates, and an aligned pullback on capital-raising news.

Recent Company History

Over the past several months, STAK has reported mixed fundamentals and important corporate milestones. On Jan 8, 2026, it completed a US$2.3M registered direct offering, followed by a 6-K on financials for the half-year ended Dec 31, 2025, with revenue up 13.41% to $19.2M but softer margins and net income. Despite regaining Nasdaq bid-price compliance on Apr 14, 2026, the stock sold off, indicating a pattern of negative price reactions around both financial and compliance news.

Key Terms

new energy vehicle ("NEV"), battery-electric engineering vehicle, compound annual growth rate ("CAGR"), ESG, +1 more
5 terms
new energy vehicle ("NEV") technical
"The Company began exploring NEV-related business opportunities in May 2025..."
New energy vehicle (NEV) describes cars and commercial vehicles powered partly or entirely by electricity, including battery-electric, plug-in hybrid and hydrogen fuel-cell models. For investors, NEVs signal where consumer demand, manufacturing costs and government rules are shifting—like moving from gasoline engines to electric appliances—so companies in manufacturing, batteries, charging and raw materials can see big changes in revenue, profit margins and long-term growth prospects.
battery-electric engineering vehicle technical
"the global battery-electric engineering vehicle market is expected to maintain..."
A battery-electric engineering vehicle is a work vehicle used for construction, utilities or maintenance that runs solely on rechargeable batteries instead of a gasoline or diesel engine; it performs tasks like digging, lifting, towing or carrying materials. Investors care because battery power changes operating costs, maintenance needs, regulatory exposure and customer demand—similar to replacing a gas pickup with an electric truck, which can cut fuel costs, reduce emissions and shift capital and revenue dynamics.
compound annual growth rate ("CAGR") financial
"market is expected to maintain a compound annual growth rate ("CAGR") of approximately 46.6%..."
A compound annual growth rate (CAGR) is the single annual percentage that describes how an investment or financial metric would have grown each year to move from a starting value to an ending value over a multi‑year period, smoothing out ups and downs. Think of it as the steady speed a car would need to travel each year to cover the same total distance. Investors use it to compare performance, set expectations, and judge whether returns or sales trends are improving consistently.
ESG financial
"aiming to align with customers' increasing environmental, social, and governance ("ESG") requirements."
ESG stands for Environmental, Social, and Governance, which are key factors investors consider when evaluating how sustainable and responsible a company is. It involves assessing how a company manages its impact on the environment, treats its employees and communities, and operates transparently and ethically. Investors use ESG criteria to identify businesses that align with their values and have the potential for long-term success.
intellectual property technical
"growing product lineup and a growing portfolio of patents and software copyrights..."
Intellectual property are legal rights that protect creations of the mind—such as inventions, brand names, designs, software, or secret formulas—giving the owner control over who can use, copy or sell them. For investors, IP is like owning a blueprint or recipe: it can generate steady income through exclusive sales or licensing, boost a company’s competitive edge and valuation, and also create costs or risks if rights must be defended or challenged in court.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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/.

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 Department
Email: ir@stakindustry.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

 

Cision View original content:https://www.prnewswire.com/news-releases/stak-inc-accelerates-new-energy-vehicle-expansion-with-growing-product-portfolio-and-intellectual-property-302788075.html

SOURCE STAK Inc.

FAQ

How much NEV revenue did STAK (Nasdaq: STAK) generate by March 31, 2026?

STAK generated approximately RMB62.6 million in NEV-related revenue for the nine months ended March 31, 2026. According to STAK, this followed an initial RMB2.8 million during May–June 2025, reflecting expanding commercialization and customer demand for its industrial battery-electric vehicles.

What were STAK's initial NEV revenues in 2025?

STAK reported approximately RMB2.8 million in NEV-related revenue between May 1 and June 30, 2025. According to STAK, this early income came from limited deployments and preliminary commercialization focused on market testing, customer onboarding, and validating demand for its new energy industrial vehicles.

How is STAK expanding its new energy vehicle product portfolio in 2025–2026?

STAK is broadening its NEV lineup to include four battery-electric models for industrial use. According to STAK, these vehicles target oilfield logistics and construction, emphasizing zero-emission operation, lower total ownership costs, safety features, and alignment with customers’ ESG-focused procurement requirements.

How does China’s policy environment support STAK’s NEV strategy?

China’s dual-carbon goals and Five-Year Plans prioritize new energy engineering machinery. According to STAK, national policies, subsidies, and incentives are encouraging electrification, product commercialization, and regional deployment, creating a sustained tailwind for industrial NEVs that aligns with the company’s engineering vehicle focus.

What market growth outlook underpins STAK’s focus on industrial NEVs?

The global battery-electric engineering vehicle market is projected to grow quickly. According to QYResearch, the segment may see about a 46.6% compound annual growth rate from 2025 to 2031, with China highlighted as an especially rapid adoption market.