Massimo Group Expands International Production Through Vietnam Partnership and Launches Lithium-Ion MVR Golf and Utility Carts for 2026

GARLAND, Texas, Oct. 22, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO), a manufacturer and distributor of powersports vehicles and products, today announced that production of its new 2026 MVR Golf Cart and MVR Cargo Max Electric Utility Cart has begun in Vietnam.

This strategic collaboration strengthens Massimo's global supply chain and supports the company's ongoing initiatives to enhance production flexibility and expand capacity for its rapidly growing lineup of electric vehicles.

Strategic Vietnam Partnership Enhances Global Capabilities

"Our partnership in Vietnam represents an important milestone in Massimo's continued evolution," said David Shan, Chief Executive Officer of Massimo Group. "By leveraging international manufacturing relationships, we're improving efficiency, lowering costs, and expanding our ability to meet accelerating demand across both recreational and utility markets."

The Vietnam production partnership enables Massimo to increase output while maintaining the company's quality and value standards for its dealer network and end customers worldwide.

Introducing New Lithium-Ion Power Options

Coinciding with this production expansion, Massimo is introducing new Lithium-Ion battery options across its MVR Series electric carts. The upgraded 48V 105Ah system delivers higher performance, longer lifespan, and greater efficiency compared to traditional lead-acid batteries.

Key benefits include:

• Significantly reduced weight for improved range and handling
• Faster charging and extended cycle life exceeding 5,000 charge cycles
• Built-in battery management and safety protections
• Maintenance-free, eco-friendly operation

"The addition of lithium power across our MVR lineup reflects the strong feedback we're hearing from dealers and customers," Shan added. "These updates make our products more competitive, more efficient, and better aligned with the future of electric mobility."

Positioned for Growth and Value Creation

Massimo's expansion into Vietnam and adoption of advanced battery technology are expected to improve gross margin performance, strengthen logistics, and support scalable international growth. These initiatives reflect the company's broader strategy to expand global manufacturing partnerships and deliver innovative electric solutions.

About Massimo Group (NASDAQ: MAMO)

Massimo Group is a leading manufacturer and distributor of powersports and electric vehicles, headquartered in Garland, Texas. The company's product line includes UTVs, ATVs, e-bikes, and electric utility vehicles designed for performance, reliability, and value. With expanding international manufacturing partnerships, Massimo is building a strong foundation for sustained growth in the global electric mobility market.

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
[email protected] 

Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com 
512.354.7000 Office
[email protected] 

SOURCE Massimo Group