Massimo Group Announces Launch of New Electric UTV for 2026, Expanding Into Growing EV Market
Rhea-AI Summary
Massimo Group (NASDAQ: MAMO) has announced its entry into the electric vehicle market with a new electric UTV scheduled for launch in 2026. The vehicle features a 72V 200AH lithium battery and 15KW permanent magnet synchronous motor, offering a 70-kilometer range per charge.
Key specifications include real-time 4WD capability, a maximum speed of 45 km/h, and a 7-inch touchscreen display (with optional 10-inch upgrade). The company aims to target environmentally conscious consumers and the farm and ranch communities, positioning itself in the growing electric utility vehicle market segment.
Positive
- Entry into growing electric UTV market segment with potential for market share growth
- Product offers competitive specifications with 70km range and 4WD capability
- Strategic alignment with environmental trends and agricultural market demands
- Expansion of product portfolio strengthening 2026 lineup
Negative
- Delayed market entry with launch not until 2026
- No pricing or production volume details provided
- Faces competition from established EV manufacturers
News Market Reaction 2 Alerts
On the day this news was published, MAMO gained 0.67%, reflecting a mild positive market reaction. Argus tracked a trough of -6.7% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $829K to the company's valuation, bringing the market cap to $125M at that time.
Data tracked by StockTitan Argus on the day of publication.
The new Electric UTV combines advanced performance features with quiet, efficient, and environmentally friendly operation. Powered by a 72V 200AH lithium battery paired with a 15KW permanent magnet synchronous motor, the vehicle offers a driving range of up to 70 kilometers per charge. The UTV also delivers real-time 4WD capability, a maximum speed of 45 km/h, and a 7-inch (optional 10-inch) touchscreen display for enhanced driver control and user experience.
"The market for electric UTVs is expanding rapidly, not only among environmentally conscious consumers but also within the farm and ranch communities where quiet operation and reduced emissions are increasingly important," said David Shan, Chief Executive Officer of Massimo Group. "By entering this segment, Massimo is aligning with long-term consumer trends while creating significant growth opportunities for our Company and shareholders."
The electric UTV market has seen steady adoption across outdoor, agricultural, and recreational sectors, with customers seeking vehicles that provide ease of use, reduced maintenance, and environmental benefits without compromising on capability. Massimo Group's entry into this market is designed to deliver strong value and performance to its retail and dealer partners.
This model joins Massimo's expanding lineup of UTVs, ATVs, and recreational vehicles, further strengthening the Company's 2026 portfolio.
About Massimo Group (NASDAQ: MAMO)
Massimo Group is a manufacturer and distributor of powersports products. Headquartered in
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo Group. All statements other than statements of historical facts contained in this press release, including statements regarding Massimo Group 's future results of operations and financial position, Massimo Group 's business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of Massimo Group are forward-looking statements. In some cases, forward-looking statements can be identified because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," or similar expressions. Forward-looking statements are based on Massimo Group's current expectations and assumptions about future events, which are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Massimo does not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com
Corporate Communications
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SOURCE Massimo Group