VALA (02051) starts delivery of the new model Vala Home and is working with Riche Auto to increase production capacity and delivery system

According to Zhitong Finance App, VALA (02051) announced that in December 2025, the Group and Chongqing Ruichi Auto Industrial Co., Ltd. “Ruichi Auto”, the first domestic original six-seater smart camper with inclined roof, Vala Home, have begun delivery to the first batch of car owners. With the successful delivery of Vala Home, the Group has achieved two camper product layouts for different customer groups and different price ranges. The Group is working with Ruiz Motors to increase production capacity and delivery systems to provide owners of Vala series models with a better product and service experience.

During the fourth quarter of 2025, the Group delivered 90 Vala cars in batches to order customers. Among them, the Group delivered 60 camper models, Vala Pro, and 30 Vala Home.

The Group is focusing on selecting high-quality Vala car owners who are passionate about the Vala lifestyle and are happy to share to join the team of Vala co-creators. As of December 31, 2025, the Group has successfully recruited 436 high-quality co-creators to promote and sell Vala cars through their personal experience using Vala and their influence on various social platforms and offline. As co-creators continue to join and the number of deliveries gradually increases, Vala's mobile store model has initially taken shape, and Vala has been shown to more potential customers who want the Vala lifestyle.

As the scale of the co-creator system continues to expand, in order to meet the increasingly diverse needs of potential customers for the Vala car experience, in addition to mobile store experience centers based on co-creators, the Group has also further set up self-operated Vala underground stores. The Vala Dungeon store is centered on a “full-scene user experience” and integrates diverse complex business formats such as Vala car display experience, car daily necessities experience, and offline interaction with the car owner community. As of December 31, 2025, the Group has opened a total of three Vala underground city stores in Hangzhou, Changsha, Qingdao and other cities. At the same time, it has signed cooperation agreements with owners in various potential layout cities such as Wuhan, Chengdu, Zhengzhou, and Guangzhou. Subsequent stores will be opened one after another. These stores aim to provide Vala car owners and potential customers with a one-stop high-quality experience space that meets the needs of car viewing, car selection, car use, car play, car chat, etc., and to build a brand ecosystem with both practicality and emotional connection.

The Group has set up the WeChat Mini Program “valalife” for Vala Motors to provide various subscription and cooperation programs. As of December 31, 2025, the Valalife applet has attracted a total of about 115,000 registered users. Furthermore, with its unique space design and car lifestyle, vala has received widespread attention and received enthusiastic responses on social media platforms. As of December 31, 2025, vala's total number of followers on various social platforms has reached about 3.1 million, and its related videos have been viewed more than 840 million times.

The Vala series models launched by the Group are the first in the industry to rise to the top of the original new energy multi-purpose model. The Group aims to become the “pioneer of tram life in China” and promote the transformation of automobiles from a single means of transportation to a multi-purpose mobile space. As a “versatile tram”, in addition to scenes such as outdoor camping, users can also use the Vala series models to enjoy comfortable, convenient and personalized multi-functional spaces in various scenarios such as office negotiations, business meetings, parent-child entertainment, dining and tea, naps, friend gatherings, watching K-songs, outdoor trips, bazaar stores, etc., creating limitless possibilities for extending the urban lifestyle.