VALA(02051) New car model VALA Home starts delivery, joining hands with Ruichi Motors to improve production capacity and delivery system.

VALA (02051) has announced that in December 2025, the first domestically designed six-seat new energy smart camping car, VALA Home, jointly designed by the group and Chongqing Ruichi Automobile Industry Co., Ltd. "Ruichi Automobile," has begun delivery to the first batch of owners. With the successful delivery of VALA Home, the group has achieved a product layout of two camping car products targeting different customer groups and price ranges. The group is working with Ruichi Automobile to improve production capacity and delivery systems, providing a better product and service experience for VALA series car owners. During the fourth quarter of 2025, the group delivered a batch of 90 VALA cars to ordered customers. This includes 60 deliveries of the group's camping car model, VALA Pro, and 30 deliveries of VALA Home. The group is actively selecting high-quality VALA car owners who are enthusiastic about the VALA lifestyle and enjoy sharing to join the VALA co-creation team. As of December 31, 2025, the group has successfully recruited 436 high-quality co-creators who promote and sell VALA cars through their firsthand experience with VALA and influence on various social media platforms and offline. As more co-creators join and the number of deliveries increases, the group's mobile store model for VALA is taking shape and will showcase VALA to more potential customers interested in the VALA lifestyle. As the co-creation system continues to expand, to meet the increasingly diverse demands of potential customers for VALA car experiences, the group has not only relied on the mobile store experience centers formed by co-creators but also further established self-operated VALA underground store. The VALA underground store focuses on "full-scenario user experience," integrating various service formats such as VALA car display experience, car life product experience, offline interaction with the car owner community, etc. As of December 31, 2025, the group has opened three VALA underground stores in cities like Hangzhou, Changsha, and Qingdao. Additionally, it has completed cooperation agreements with owners in potential cities like Wuhan, Chengdu, Zhengzhou, and Guangzhou. More stores will be opened in the future. These stores aim to provide a one-stop high-quality experience space for VALA owners and potential customers to meet their needs for viewing, selecting, using, playing, chatting about cars, etc., building a brand ecosystem with both practicality and emotional connection. The group has launched a WeChat mini-program "VALAlife" for VALA cars, providing various ordering and cooperation solutions. As of December 31, 2025, VALAlife mini-program has attracted approximately 115,000 registered users. In addition, VALA has garnered widespread attention due to its unique spatial design and car lifestyle, sparking enthusiastic responses on social media platforms. As of December 31, 2025, VALA's total number of fans on various social platforms has reached approximately 3.1 million, and the cumulative views of related videos exceed 840 million. The VALA series of cars introduced by the group is an industry-first original factory roof-raising new energy multi-functional car. The group aims to become a "pioneer in Chinese electric car life," promoting the transformation of cars from a single transportation tool to a multi-functional mobile space. As a "versatile big electric car," users can enjoy a comfortable, convenient, and personalized multi-functional space in a variety of scenes such as outdoor camping, office negotiations, business meetings, parent-child entertainment, dining, tea drinking, rest, nap, friend gatherings, movies, karaoke, outdoor travel, market shops, etc., using VALA series cars to create endless possibilities for extending urban lifestyle.