Erayak Power Solution Group Business Summary

Erayak Power Solution Group Inc. (RAYA) operates as a specialized manufacturer and exporter of advanced power solution products, generating revenue through the research, development, and wholesale/retail distribution of mobile and outdoor energy systems. The company’s primary business segments include power inverters (sine wave and off-grid), which account for the majority of its revenue, alongside portable gasoline and inverter generators, smart battery chargers, and custom-designed power components. These products serve diverse end-markets including recreational vehicles (RVs), agricultural machinery, industrial vehicles, and home emergency power sectors. Positioned as a small-cap player in the electrical equipment industry, Erayak recently expanded its global footprint by establishing Nexora Group Inc., a U.S.-based subsidiary designed to capture North American demand for portable quiet generators. It competes directly with firms such as Polar Power (POLA), CCSC Technology International (CCTG), and Nuvve Holding (NVVE), distinguishing itself through a built-to-order (BTO) manufacturing model that offers high production flexibility. The company is led by Chairman and CEO Lingyi (Cory) Kong, who has spearheaded the firm’s strategic direction since 2018 and holds a degree in Engineering Management from Ningbo University. Kong’s leadership is supported by Chief Financial Officer Lanling Gu, who previously served as the company’s accounting director and brings extensive experience in IFRS and U.S. GAAP reporting. The founding team’s roots trace back to the 2009 establishment of Zhejiang Leiya, which evolved into the current corporate structure incorporated in the Cayman Islands in 2019. Erayak’s governance is overseen by a board that includes independent directors Jing Chen and Jizhou Hou, while its recent capital market activities have been facilitated by institutional partners such as Craft Capital Management LLC. As of February 2026, the leadership team is focused on a comprehensive capital structure overhaul, including authorized share capital expansion and strategic reverse splits to maintain its Nasdaq listing and support long-term growth initiatives.