Stak Expands New Energy Vehicle Business to RMB 62.6 Million
Stak announced the scale-up of its new energy vehicle 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 RMB 2.8M 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, and the company's NEV-related business generated approximately RMB 62.6M in cumulative revenues for the nine months ended March 31. Alongside strong revenue growth, the company continues to expand its NEV product portfolio with the introduction of more specialized vehicles.
