Massimo Group (NASDAQ: MAMO) Accelerates Golf Cart Market Reach with Vietnam Partnership

  • Massimo Group will begin receiving shipments of the new MVR4X six-seater models from its Vietnamese manufacturing partner soon
  • MAMO CEO observed that these steps strengthen quality assurance and support long-term sustainability
  • Massimo’s work in the golf cart space is part of its spacious portfolio, which spans utility UTVs, ATVs and mini-bikes

Massimo Group (“Massimo Group” or “Massimo;” NASDAQ: MAMO) is expanding its footprint in the golf cart market by launching a manufacturing partnership in Vietnam, signaling imminent U.S. deliveries of its feature-rich six-seater MVR4X golf cart (ibn.fm/NpbcL). Massimo Group, a Texas-based powersports vehicle and recreational watercraft manufacturer, is fortifying its global supply chain to deliver quality products more efficiently and affordably.

This latest announcement underscores Massimo’s efforts to optimize production and market responsiveness. While the company already assembles golf carts at its Texas-based facility, it will begin receiving shipments of the new MVR4X six-seater models from its Vietnamese manufacturing partner soon. The MVR4X is engineered for premium performance and comfort, featuring a 48V 5 kW AC motor, approximately 60-kilometer driving range, McPherson independent suspension, rust-resistant steel chassis, electromagnetic-assisted braking system, 14-inch aluminum wheels, foldable windshield, LED lights with turn signals and horn, and plastic-molded rear seats with under-seat storage — all designed for safer and more enjoyable rides.

By expanding their chain into Vietnam, MAMO is strengthening its supply chain against other global trade uncertainties. Establishing manufacturing outside the U.S. not only diversifies sourcing but creates a safeguard against cost disruptions tied to international trade policies. At the same time, working in Vietnam allows Massimo to uphold quality standards while turning into a cost-efficient production base. With streamlined logistics, Massimo can reduce freight variability, improve lead times, and maintain inventory management to ensure consistent product availability and stable pricing. This partnership positions Massimo to grow, even in a shifting trade environment, while continuing to deliver value and reliability.

CEO David Shan emphasized that these steps strengthen quality assurance and support long-term sustainability. “Our Vietnam production partnership is a major win for Massimo Group and everyone we serve,” said Shan. “In the near term, our U.S. retail and dealer partners will start receiving our latest six-seater golf carts, vehicles that combine exceptional quality, innovative features and competitive pricing. These steps help us deliver value and reliability to customers.”

Massimo’s work in the golf cart space is part of its broader powersports portfolio, which spans utility UTVs, ATVs and mini-bikes. The company also offers electric versions of UTVs, golf carts and watercrafts, in addition to traditional powersports vehicles, thereby leveraging its 376,000-square-foot Garland factory for homegrown production and innovation. For instance, earlier this year Massimo shifted production of its MVR series to its Texas facility to address quality control and escalating trade tariffs, reinforcing its position in the U.S. market (ibn.fm/OXEog). The company’s product innovation extends further with the 2024 launch of the MVR HVAC golf and utility carts, which combine climate control and enhanced comfort for users in varying environments (ibn.fm/gvboB).

Across other markets, Massimo continues to deepen its retail and distribution network, introducing new products, expanding partnerships with major retailers such as Rural King and Tractor Supply Company, and launching an online sales platform to broaden its direct-to-consumer approach.

The Vietnam partnership represents a pivotal development in Massimo Group’s evolution. By blending U.S. assembly with overseas production, the company achieves a strategic balance that enhances agility, margin control and resilience. With the MVR4X deliveries set to begin soon in the United States, Massimo is aiming to capture growing demand in both recreational and lifestyle segments, offering a value-driven, feature-rich alternative in the expanding golf cart market.

For more information, visit the company’s website at www.MassimoMotor.com, massimomarine.com, and massimoelectric.com.

Disclaimer Regarding Third-Party Information

The information provided, including any references to third-party sources and Massimo’s websites, is for context only and is not incorporated by reference into this press release.

Forward-Looking Statements

This press release includes forward-looking statements, which are based on current expectations, estimates, and projections regarding Massimo Group’s business and industry, as well as management’s beliefs and assumptions. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. All statements contained herein other than statements of historical fact, including but not limited to those regarding Massimo’s strategy, future operations, financial position, prospects, and anticipated developments, are forward-looking statements and should be evaluated as such.

Forward-looking statements are typically identified by words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “will,” and similar expressions. These statements reflect Massimo’s current beliefs and are based on information available to the company as of the date hereof. Actual outcomes may differ materially as a result of various factors, including, but not limited to, competition, market conditions, operational challenges, regulatory developments, and other risks as disclosed in Massimo’s filings with the Securities and Exchange Commission.

Massimo does not adopt or endorse any forward-looking statements made herein and undertakes no obligation to update any such statements. Readers are cautioned not to place undue reliance on these statements and are encouraged to review Massimo’s public filings for a more complete discussion of the risks and uncertainties that may affect the company.

NOTE TO INVESTORS: This press release is sponsored and has been prepared in collaboration with or on behalf of Massimo. It is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The views and opinions expressed herein are those of the publisher and do not necessarily reflect the views of Massimo. The latest news and updates relating to MAMO are available in the company’s newsroom at https://ibn.fm/MAMO

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