Massimo Group Reports Strong Dealer Demand Following Launch of Vietnam-Produced MVR Golf and Utility Carts
Rhea-AI Summary
Massimo Group (NASDAQ: MAMO) reported strong early dealer demand after launching Vietnam production for its 2026 MVR Series golf and utility carts. The company said it has secured more than $1.5 million in initial dealer commitments and will showcase the MVR Golf Cart and MVR Cargo Max Utility Cart at the PGA Show in Orlando. The MVR Series offers 48V 105Ah Lithium‑Ion power options intended to deliver improved range, faster charging, and longer battery life versus lead‑acid platforms. Massimo described the Vietnam manufacturing partnership as a move to enhance supply chain flexibility and support scalable international growth heading into 2026.
Positive
- $1.5M in initial dealer commitments
- Launched Vietnam production partnership to expand supply chain
- 48V 105Ah Lithium‑Ion power option for improved range and charging
- Product showcase at PGA Show in Orlando for dealers and investors
Negative
- None.
News Market Reaction 2 Alerts
On the day this news was published, MAMO gained 1.59%, reflecting a mild positive market reaction. Argus tracked a trough of -12.4% 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 $2M to the company's valuation, bringing the market cap to $137M at that time. Trading volume was very high at 3.1x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Early dealer commitments of more than
Since announcing the new production and product updates, Massimo has already received more than
"Our dealer network's response has been tremendous," said David Shan, Chief Executive Officer of Massimo Group. "To see this level of enthusiasm and commitment so quickly after launch validates our product strategy and the strength of our global manufacturing partnerships. We're confident the MVR Series will be a major success in both recreational and utility markets."
The MVR Series, available with 48V 105Ah Lithium-Ion power systems, delivers improved range, faster charging, and extended battery life compared to traditional lead-acid platforms—providing a premium electric experience for end users and fleet operators alike.
Massimo will showcase the MVR Golf Cart and MVR Cargo Max Utility Cart at the upcoming PGA Show in
The early dealer momentum follows the company's recent
"These initial results highlight the excitement surrounding our new MVR models and our broader push into advanced electric mobility," Shan added. "We believe this is just the beginning of a very strong 2026."
About Massimo Group (NASDAQ: MAMO)
Massimo Group is a manufacturer and distributor of powersports and electric vehicles 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," "continue," "contemplate," "plan," and other words and terms of similar meaning. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, risks relating to Massimo Group which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; costs; changes in applicable laws or regulations; the possibility that Massimo Group may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties, including those under "Risk Factors" in filings with the SEC made by Massimo Group. Moreover, Massimo Group operates in very competitive and rapidly changing environments. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond Massimo Group's control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. No assurance can be given regarding the forward-looking statements, and actual results may differ materially from those as indicated. Massimo Group undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com
Corporate Communications
IBN
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com
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SOURCE Massimo Group
FAQ
What dealer demand did Massimo (MAMO) report on October 29, 2025?
What are the battery specs for the 2026 MVR Series from Massimo (MAMO)?
How does Massimo say the Vietnam production partnership affects MAMO?
When and where will Massimo (MAMO) showcase the MVR Golf Cart and Cargo Max?
What market segments does Massimo expect the MVR Series to target for 2026?
Does the October 29, 2025 announcement state revenue or EPS guidance for MAMO?
